Data Alert
Non-life insurers' gross premium up 10% on year in August
This story was originally published at 14:04 IST on 15 September 2026
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--Non-life insurers premium INR 274.55 bln in Aug, up 10.05% YoY
--CONTEXT: General Insurance Council releases Aug premium income data
--Non-life insurers Apr-Aug premium INR 1.47 tln, up 9.58% YoY
--New India Assurance's premium INR 23.39 bln in Aug, up 6.48% YoY
--Bajaj General's premium INR 22.91 bln in Aug, up 11.04% YoY
--ICICI Lombard General's premium INR 21.90 bln in Aug, up 0.36% YoY
--Go Digit General's premium INR 7.76 bln in Aug, up 5.14% YoY
--Star Health's premium INR 17.09 bln in Aug, up 19.9% YoY
--Niva Bupa Health's premium INR 8.43 bln in Aug, up 37.51% YoY
NEW DELHI – The gross direct premium underwritten by non-life insurance companies in August rose 10.1% on year to INR 274.55 billion, according to data released by the General Insurance Council Tuesday. Growth in premium income in the standalone health insurers segment was higher than in the general insurers segment, the data showed. In July, non-life insurers' premium income was INR 313.98 billion, up 5.7% on year.
For the first five months of 2026-27 (Apr-Mar), the gross direct premium underwritten by non-life insurance companies was INR 1.47 trillion, up 9.58% on year. The gross direct premium of standalone health insurance companies was INR 43.77 billion in August, up 30.4% on year. General insurance companies saw an 8.7% on-year rise in gross premiums in August at INR 222.68 billion.
The New India Assurance Co. Ltd., the largest non-life insurer by market share, reported a 6.5% on-year rise in gross direct premium income in August at INR 23.39 billion. The market share of the public sector insurer was 13.19% in Apr-Aug, down from 13.9% a year ago.
ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 21.90 billion, up 0.4% on year. ICICI Lombard's market share slipped to 8.8% in August from 9.3% a year ago. Bajaj General Insurance Ltd.'s gross direct premium income for the month was INR 22.91 billion, up 11.0% on year.
The gross direct premium underwritten by HDFC Ergo General Insurance Co. Ltd. was INR 17.10 billion, up 58.4% on year. Go Digit General Insurance Ltd. reported a premium income of INR 7.76 billion in August, up 5.1% on year.
Among standalone health insurers, Star Health and Allied Insurance Co. Ltd.'s gross direct premium underwritten was INR 17.09 billion last month, up 19.9% on year. Niva Bupa Health Insurance Co. Ltd.'s gross direct premium income in August rose 37.5% on year to INR 8.43 billion. Among non-life insurance companies, health insurers had a 14.5% market share in August, higher than 12.0% a year ago.
Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in August, in INR million, compared with the year-ago period, and their market share for Apr-Aug:
| Insurers | Gross direct premium underwritten | Market Share % | |||
| August 2026 | August 2025 | Y-o-Y change |
Apr-Aug FY27 |
Apr-Aug FY26 |
|
| General Insurers | |||||
| Acko General Insurance Ltd. | 2,845.9 | 1,994.0 | 42.72% | 0.90% | 0.69% |
| Bajaj General Insurance Ltd. | 22,910.8 | 20,632.0 | 11.04% | 7.11% | 6.97% |
| Cholamandalam MS General Insurance Co. Ltd. | 5,709.1 | 6,001.2 | (-)4.87% | 2.08% | 2.26% |
| Generali Central Insurance Co. Ltd. | 2,888.6 | 4,651.2 | (-)37.90% | 1.25% | 1.65% |
| Go Digit General Insurance Ltd. | 7,758.0 | 7,378.4 | 5.14% | 2.74% | 3.08% |
| HDFC Ergo General Insurance Co. Ltd. | 17,099.8 | 10,794.2 | 58.42% | 4.95% | 4.27% |
| ICICI Lombard General Insurance Co. Ltd. | 21,899.4 | 21,821.7 | 0.36% | 8.80% | 9.26% |
| IFFCO-Tokio General Insurance Co. Ltd. | 10,477.2 | 7,775.9 | 34.74% | 2.88% | 2.72% |
| IndusInd General Insurance Co. Ltd. | 7,894.9 | 9,183.9 | (-)14.04% | 3.03% | 3.90% |
| Kiwi General Insurance Ltd. | 52.7 | -- | -- | 0.01% | -- |
| Kshema General insurance | 402.1 | 43.3 | 828.64% | 0.07% | 0.22% |
| Liberty General Insurance Co. Ltd. | 2,420.5 | 2,357.1 | 2.69% | 0.87% | 0.82% |
| Magma General Insurance Ltd. | 2,325.9 | 2,320.7 | 0.22% | 0.95% | 1.06% |
| National Insurance Co. Ltd. | 15,732.9 | 16,565.2 | (-)5.02% | 4.92% | 5.21% |
| Navi General Insurance Co. Ltd. | 234.2 | 61.4 | 281.43% | 0.07% | 0.04% |
| Raheja QBE General Insurance Co. Ltd. | 1,180.9 | 134.4 | 778.65% | 0.13% | 0.05% |
| Royal Sundaram General Insurance Co. Ltd. | 4,177.0 | 3,363.1 | 24.20% | 1.50% | 1.41% |
| SBI General Insurance Co. Ltd. | 18,734.7 | 14,687.5 | 27.56% | 4.81% | 4.47% |
| Shriram General Insurance Co. Ltd. | 4,238.3 | 3,595.8 | 17.87% | 1.38% | 1.26% |
| Tata AIG General Insurance Co. Ltd. | 16,395.3 | 14,366.0 | 14.13% | 6.86% | 5.88% |
| The New India Assurance Co. Ltd. | 23,392.5 | 21,967.9 | 6.48% | 13.19% | 13.91% |
| The Oriental Insurance Co. Ltd. | 11,357.9 | 12,185.2 | (-)6.79% | 6.18% | 6.80% |
| United India Insurance Co. Ltd. | 14,820.5 | 14,200.8 | 4.36% | 6.85% | 6.95% |
| Universal Sompo General Insurance Co. Ltd. | 4,441.2 | 6,260.8 | (-)29.06% | 1.85% | 1.78% |
| Zuno General Insurance Co. Ltd. | 1,257.5 | 931.0 | 35.07% | 0.44% | 0.32% |
| Zurich Kotak Mahindra General Insurance Co. Ltd. | 2,027.2 | 1,576.0 | 28.63% | 0.73% | 0.66% |
| General Insurers Sub Total | 222,675.0 | 204,848.7 | 8.70% | 84.55% | 85.62% |
| Stand Alone Health Insurers | |||||
| Niva bupa health insurance Co. Ltd. | 8,428.4 | 6,129.4 | 37.51% | 2.62% | 2.15% |
| Aditya Birla Health Insurance Co. Ltd. | 5,460.8 | 4,173.6 | 30.84% | 2.14% | 1.65% |
| Care Health Insurance Ltd. | 10,499.7 | 7,452.4 | 40.89% | 3.51% | 2.71% |
| Galaxy Health Insurance Co. Ltd. | 240.6 | 76.2 | 215.75% | 0.08% | 0.02% |
| ManipalCigna Health Insurance Co. Ltd. | 2,025.4 | 1,458.8 | 38.84% | 0.77% | 0.62% |
| Narayana Health Insurance Ltd. | 29.5 | 32.2 | (-)8.39% | 0.02% | 0.01% |
| Prudential HCL Health Insurance Ltd. | 1.8 | -- | -- | -- | -- |
| Star Health & Allied Insurance Co. Ltd. | 17,085.2 | 14,249.7 | 19.90% | 5.31% | 4.88% |
| Stand Alone Health Insurers Sub Total | 43,771.4 | 33,572.3 | 30.38% | 14.45% | 12.04% |
| Specialised Insurers | |||||
| Agriculture Insurance Co. of India Ltd. | 6,804.3 | 10,102.1 | (-)32.64% | 0.59% | 1.93% |
| ECGC Ltd. | 1,294.5 | 960.0 | 34.84% | 0.41% | 0.40% |
| Specialised Insurers Sub Total | 8,098.8 | 11,062.1 | (-)26.79% | 1.01% | 2.33% |
| Grand Total | 274,545.2 | 249,483.1 | 10.05% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 266,446.4 | 238,421.0 | 11.75% | 98.99% | 97.67% |
Source: General Insurance Council
End
Reported by Shweta
Edited by Akul Nishant Akhoury
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