Data Alert
Non-life insurers' gross premium rises 6.1% on year in Sept
This story was originally published at 19:30 IST on 7 October 2026
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--Non-life insurers premium INR 329.51 bln in Sept, up 6.1% YoY
--CONTEXT: General Insurance Council releases Sept premium income data
--Non-life insurers Apr-Sept premium INR 1.80 tln, up 8.9% YoY
--New India Assurance's premium INR 33.05 bln in Sept, up 1.6% YoY
--Bajaj General's premium INR 23.63 bln in Sept, up 6.5% YoY
--ICICI Lombard General's premium INR 21.96 bln in Sept, up 13.7% YoY
--Go Digit General's premium INR 7.78 bln in Sept, up 2.3% YoY
--Star Health's premium INR 17.63 bln in Sept, up 19.6% YoY
--Niva Bupa Health's premium INR 7.89 bln in Sept, up 33.1% YoY
MUMBAI – Gross direct premium underwritten by non-life insurance companies in September rose 6.1% on year to INR 329.51 billion, according to data released by the General Insurance Council Wednesday. In August, non-life insurers' premium income had risen 10.1% on year to INR 274.55 billion. In the first half of 2026-27 (Apr-Mar), gross direct premium underwritten by non-life insurance companies increased 8.9% on year to INR 1.80 trillion.
Premium income growth in the standalone health insurers segment was higher than that in the general insurers segment, the data showed. Gross direct premium of standalone health insurance companies rose 27.1% on year to INR 43.82 billion in September, while gross premium income of general insurance companies increased 13.2% on year to INR 264.38 billion.
The New India Assurance Co. Ltd., the largest non-life insurer by market share, reported a 1.6% on-year rise in gross direct premium income in September at INR 33.05 billion. ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 21.96 billion, up 13.7% on year. ICICI Lombard's market share slipped to 8.4% in September from 8.7% a year ago.
Bajaj General Insurance Ltd.'s gross direct premium income for the month was INR 23.63 billion, up 6.5% on year. The gross direct premium underwritten by HDFC Ergo General Insurance Co. Ltd. was INR 20.82 billion, up 24.9% on year. Go Digit General Insurance Ltd. reported a premium income of INR 7.78 billion in September, up 2.3% on year.
IndusInd General Insurance Co. Ltd.'s gross direct premium income fell 8.5% on year to INR 15.73 billion last month. Its market share also declined to 3.4% from 4.2% a year ago. Tata AIG General Insurance Co Ltd. recorded a gross direct premium of INR 21.17 billion in September, up 15.7% on year.
Among standalone health insurers, Star Health and Allied Insurance Co. Ltd. held the largest market share at 5.3% and posted gross direct premium income of INR 17.62 billion last month, up 19.6% on year. Niva Bupa Health Insurance Co. Ltd.'s gross direct premium income in September rose 33.1% on year to INR 7.89 billion. Among non-life insurers, health insurers had a 14.2% market share in September, up from 11.9% a year ago.
The following is a detailed table on the gross direct premium underwritten by leading general insurance companies in September, in INR million, compared with the year-ago period, and their market share for Apr-Sept:
| Insurers | Gross Direct Premium Underwritten | Market Share % | |||
| Sept. 2026 | Sept. 2025 | Y-o-Y change | Apr-Sept FY27 | Apr-Sept FY26 | |
| General Insurers | |||||
| Acko General Insurance Ltd. | 2,695.6 | 2,268.7 | 18.82% | 0.89% | 0.70% |
| Bajaj General Insurance Ltd. | 23,633.9 | 22,188.0 | 6.52% | 7.12% | 7.00% |
| Cholamandalam MS General Insurance Co. Ltd. | 6,550.2 | 6,182.0 | 5.96% | 2.06% | 2.21% |
| Generali Central Insurance Co. Ltd. | 2,506.7 | 2,869.3 | (-)12.64% | 1.16% | 1.51% |
| Go Digit General Insurance Ltd. | 7,779.3 | 7,608.1 | 2.25% | 2.67% | 2.96% |
| HDFC Ergo General Insurance Co. Ltd. | 20,815.0 | 16,672.4 | 24.85% | 5.20% | 4.48% |
| ICICI Lombard General Insurance Co. Ltd. | 21,963.1 | 19,312.4 | 13.73% | 8.41% | 8.69% |
| IFFCO-Tokio General Insurance Co. Ltd. | 9,959.8 | 7,273.6 | 36.93% | 2.91% | 2.65% |
| IndusInd General Insurance Co. Ltd. | 15,730.1 | 17,197.9 | (-)8.53% | 3.35% | 4.21% |
| Kiwi General Insurance Ltd. | 148.4 | -- | -- | -- | -- |
| Kshema General Insurance | 468.7 | 44.0 | 965.23% | 0.08% | 0.18% |
| Liberty General Insurance Co. Ltd. | 2,873.6 | 2,246.1 | 27.94% | 0.87% | 0.81% |
| Magma General Insurance Ltd. | 2,195.1 | 2,378.4 | (-)7.71% | 0.90% | 1.01% |
| National Insurance Co. Ltd. | 14,389.1 | 12,515.1 | 14.97% | 4.82% | 4.99% |
| Navi General Insurance Co. Ltd. | 245.5 | 66.5 | 269.17% | 0.07% | 0.03% |
| Raheja QBE General Insurance Co. Ltd. | 1,276.7 | 208.7 | 511.74% | 0.18% | 0.06% |
| Royal Sundaram General Insurance Co. Ltd. | 4,095.8 | 3,082.0 | 32.89% | 1.46% | 1.33% |
| SBI General Insurance Co. Ltd. | 16,732.5 | 12,212.6 | 37.01% | 4.86% | 4.37% |
| Shriram General Insurance Co. Ltd. | 4,409.7 | 3,619.9 | 21.82% | 1.37% | 1.24% |
| The New India Assurance Co. Ltd. | 33,045.3 | 32,520.3 | 1.61% | -- | -- |
| Tata AIG General Insurance Co. Ltd. | 21,170.3 | 18,304.5 | 15.66% | 6.78% | 5.89% |
| The Oriental Insurance Co. Ltd. | 25,154.3 | 21,620.5 | 16.34% | 6.44% | 6.83% |
| United India Insurance Co. Ltd. | 18,653.8 | 16,269.8 | 14.65% | 6.63% | 6.63% |
| Universal Sompo General Insurance Co. Ltd. | 4,729.2 | 4,591.3 | 3.00% | 1.77% | 1.72% |
| Zuno General Insurance Co. Ltd. | 1,238.7 | 834.7 | 48.40% | 0.43% | 0.31% |
| Zurich Kotak Mahindra General Insurance Co. Ltd. | 1,920.7 | 1,419.0 | 35.36% | 0.70% | 0.62% |
| Private Sector Insurers Subtotal | 264,381.1 | 233,505.8 | 13.22% | 83.76% | 83.66% |
| Stand-alone Health Insurers | |||||
| Niva Bupa Health Insurance Co. Ltd. | 7,890.2 | 5,928.1 | 33.10% | 2.58% | 2.11% |
| Aditya Birla Health Insurance Co. Ltd. | 5,613.4 | 5,134.4 | 9.33% | 2.06% | 1.65% |
| Care Health Insurance Ltd. | 10,416.4 | 7,232.0 | 44.03% | 3.45% | 2.64% |
| Galaxy Health Insurance Co. Ltd. | 253.7 | 80.9 | 213.60% | 0.08% | 0.02% |
| ManipalCigna Health Insurance Co. Ltd. | 1,999.8 | 1,355.9 | 47.49% | 0.74% | 0.59% |
| Narayana Health Insurance Ltd. | 15.5 | 8.9 | 74.16% | 0.02% | 0.01% |
| Prudential HCL Health Insurance Ltd. | 2.9 | -- | -- | -- | -- |
| Star Health & Allied Insurance Co. Ltd. | 17,628.1 | 14,735.4 | 19.63% | 5.32% | 4.86% |
| Stand Alone Health Insurers Subtotal | 43,820.0 | 34,475.6 | 27.10% | 14.24% | 11.87% |
| Specialised Insurers | |||||
| Agriculture Insurance Co. Of India Ltd. | 19,954.3 | 41,191.6 | (-)51.56% | 1.60% | 4.06% |
| ECGC Ltd. | 1,356.2 | 1,347.6 | 0.64% | 0.41% | 0.41% |
| Specialised Insurers Subtotal | 21,310.5 | 42,539.2 | (-)49.9% | 2.01% | 4.47% |
| Grand Total | 329,511.6 | 310,520.6 | 6.12% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 308,201.1 | 267,981.4 | 15.01% | 97.99% | 95.53% |
End
Reported by Pratiksha
Edited by Saji George Titus
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