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.