Non-life insurance firms registered a 20% growth in their gross direct premium at ₹11,714.87 crore in July 2018, according to IRDAI.
The 33 non-life insurance companies had underwritten a gross premium of ₹9,790.07 crore in the same month last year.
Of these, 25 general insurers witnessed a rise of 23% in premium collection at ₹10,782.37 crore during the month as against ₹8,800.85 crore in the same period the year ago, according to IRDAI.
Premium collection of six stand-alone private health insurers soared by 41% to ₹776.80 crore in July 2018 from ₹551.82 crore in July 2017.
