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May general insurance data: Premium falls significantly on QoQ basis

Updated : June 10, 2021 15:23:33 IST

The premiums of general insurance companies have fallen significantly in May on quarter on quarter (QoQ) basis.

The life insurance data also came a couple of days back and we saw the same trend there as well. There was growth on a year-on-year (YoY) basis but on the month-on-month (MoM) basis, fresh restrictions did play out and there was a significant downtick.

Similar is the story with general insurance companies. The industry premium that is excluding standalone health insurance is up 7 percent when compared to YoY.

Of course, a weak base effect has played out, but it has fallen by 32 percent on MoM.

Watch the accompanying video of CNBC-TV18’s Yash Jain for more details.
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