Indicating a strong growth in the general insurance sector, premiums of non-life insurance firms rose by 29.06 per cent in September 2023, compared to the same period for the previous fiscal years, according to the latest data released by General Insurance Council.
According to the data, the premium rose by 14.86% to ₹143,800.26 crore for the first half of the year compared to the first half of the previous year. There was a strong growth in the premium of private sector insurance as well. For the month of September, premium of private sector insurance increased by 24.77% to ₹23,706.35 against ₹18,999.90 in September 2022.
“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!
Download The Mint News App to get Daily Market Updates.
Updated: 09 Oct 2023, 05:07 PM IST
