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Non-life insurers’ total premium rises 21.83% in May

In May, 24 non-life insurers registered a total premium of Rs. 48.81 billion against Rs.40.06 billion during the same period a year ago

June 28, 2012 11:31 IST | India Infoline News Service
The non-life insurers reported total premium growth of 21.83% in May 2012 compared to the same period of 2011, according to the Insurance Regulatory and Development Authority (IRDA) data.

In May, 24 non-life insurers registered a total premium of Rs. 48.81 billion against Rs.40.06 billion during the same period a year ago.

The combined six public sector non-life insurers (New India Assurance Company, National Insurance Company, Oriental Insurance Company, United India Insurance Company, Export Credit Guarantee Corporation and Agricultural Insurance Company) recorded total premium of around Rs. 28.36 billion against the 18 private players who registered total premium of about Rs.20.44 billion.

In May 2012, United India reported premium of around Rs.7.73 billion followed by New India which registered premium of Rs.7.07 billion.

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