General insurers post broad-based November growth; check who led the surge

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.