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What is the story about?
India’s general and health insurers posted strong year-on-year premium growth in November, with several major players sustaining the momentum seen in October, industry data show.
Niva Bupa Health reported premiums of ₹738 crore, up from ₹502 crore a year earlier, marking a 47.1% YoY rise.
Star Health recorded premiums of ₹1,460 crore, compared with ₹1,221 crore last year, an increase of 19.6% YoY.
Go Digit General posted premiums of ₹781 crore, up 20% YoY from ₹651 crore. ICICI Lombard General reported premiums of ₹2,187 crore, compared with ₹2,037 crore a year ago, reflecting 7.4% YoY growth.
Bajaj General Insurance registered the sharpest jump, with premiums rising to ₹3,999.4 crore from ₹1,364 crore, a surge of 193.1% YoY.
New India Assurance collected ₹2,781 crore in premiums, up 10.8% YoY from ₹2,510 crore.
These November numbers follow a mixed but improving performance in October, the first full month following the GST exemption on insurance premiums, which offered modest support to the sector.
ICICI Lombard’s premiums were up 16% YoY in October, Go Digit recorded 21% YoY growth, New India Assurance rose 18% YoY, and Star Health reported 23% YoY expansion.
Health insurer Niva Bupa had led October’s growth with a 77% YoY increase.
The steady pickup across two consecutive months indicates broadening demand in health and general insurance categories, supported by firm retail traction and ongoing policy tailwinds.
Niva Bupa Health reported premiums of ₹738 crore, up from ₹502 crore a year earlier, marking a 47.1% YoY rise.
Star Health recorded premiums of ₹1,460 crore, compared with ₹1,221 crore last year, an increase of 19.6% YoY.
Go Digit General posted premiums of ₹781 crore, up 20% YoY from ₹651 crore. ICICI Lombard General reported premiums of ₹2,187 crore, compared with ₹2,037 crore a year ago, reflecting 7.4% YoY growth.
Bajaj General Insurance registered the sharpest jump, with premiums rising to ₹3,999.4 crore from ₹1,364 crore, a surge of 193.1% YoY.
New India Assurance collected ₹2,781 crore in premiums, up 10.8% YoY from ₹2,510 crore.
These November numbers follow a mixed but improving performance in October, the first full month following the GST exemption on insurance premiums, which offered modest support to the sector.
ICICI Lombard’s premiums were up 16% YoY in October, Go Digit recorded 21% YoY growth, New India Assurance rose 18% YoY, and Star Health reported 23% YoY expansion.
Health insurer Niva Bupa had led October’s growth with a 77% YoY increase.
The steady pickup across two consecutive months indicates broadening demand in health and general insurance categories, supported by firm retail traction and ongoing policy tailwinds.
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