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  • Non-life insurers' premium collection up 28% at Rs 24,563 crore in Sept


    Non-life insurance companies witnessed 28.3% rise in their collective new premium at Rs 24,563.24 crore in September, according to Irdai data.

    All the 34 non-life insurers had collected business premium of Rs 19,141.65 crore in the same month a year ago.

    Among these, 25 general insurers reported a rise of 39.3% in their combined premium during the month at Rs 20,145.46 crore as against Rs 14,463.60 crore in September 2018, as per the Insurance Regulatory and Development Authority of India (Irdai) data.

    The seven stand-alone private sector health insurance companies clocked Rs 1,115.75 crore premium in September this year, up 21.6% from Rs 917.38 crore in the year-ago period.

    The rest two specialised PSU insurers -- Agricultural Insurance Company of India and ECGC -- saw a decline of 12.2% in their premium income at Rs 3,302.02 crore compared to Rs 3,760.67 crore.

    On a cumulative basis, premium collection of all non-life insurers during April-September this fiscal rose by 17.23% to Rs 95,978.99 crore.

    The 25 general insurers witnessed 16.84% increase in their combined premium income at Rs 82,802.51 crore, and the seven stand-alone private sector health insurers registered rise of 6.35% to Rs 6,096.98 crore. The two specialised PSU insurers recorded 8.5% increase in premium at Rs 7,079.50 crore in April-September this fiscal.

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Flash News 07-Dec-2019
  •  ( 09:05) Bank of India's board approves raising up to Rs 10,000 crore  
  •  ( 08:25) OPEC nations and Russia agree to cut oil output  
  •  ( 08:19) NEFT to be available 24x7 from December 16: RBI  
  •  ( 08:16) U.S. stocks closed sharply higher Friday after November jobs report  
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06 December 2019 00:00
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