Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
The general insurance premium lowered in September, while that of life insurance increased year-on-year. Here are the details of top companies
The general insurance premium lowered by 0.1 percent year-on-year (YoY) in September, according to the provisional data released by the General Insurance Council. The month-to-month (MoM) premium was, however, up 15 percent the data said. The standalone health insurance premium was 24.3 percent YoY and down 26.7 percent MoM.
Recommended ArticlesView All
World Cancer Day 2023: Early detection is crucial for reducing the global burden
Feb 4, 2023 IST5 Min(s) Read
World Cancer Day 2023: A way forward to better management of cancer this year!
Feb 4, 2023 IST6 Min(s) Read
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
On the other hand, life insurance premium increased by 35 percent YoY in September. It was 14 percent up MoM.
Here's how top general and insurance companies fared in the month:
The premium was 2.1 percent up YoY and 22.5 percent up MoM. The market share gain was of 0.5 percent.
New India Assurance
The premium was 15 percent down YoY and 2.9 percent up MoM. The market share loss stood at 1.7 percent.
The premium was 10.2 percent up YoY and 11.5 percent up MoM. The market share loss stood at 0.15 percent.
The September premium was 21 percent down YoY and 5 percent up MoM.
The September premium was 4 percent down YoY and 0.7 percent down MoM.
The September premium was 3 percent up YoY and 17 percent up MoM.
The premium was 15 percent down YoY and and 8 percent down Mom.
First Published: Oct 7, 2022 2:04 PM IST