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General insurers' premium income rises 19% to Rs. 73.81bn in Jan

The gross premium collection by 23 private players in January were up by 12.62% to Rs. 32.74 billion

March 11, 2014 4:39 IST | India Infoline News Service
The premium income of general insurance industry in India rose 19% to Rs. 73.81 billion in January, according to IRDA (Insurance Regulatory and Development Authority) data.

The four public sector insurers - National Insurance, New India Assurance, Oriental Insurance and United India Insurance - reported their gross premium collection rise by 24.59% year-on-year to Rs. 41.06 billion in January, the data added.

The gross premium collection by 23 private players in January were up by 12.62% to Rs. 32.74 billion.

Private player Apollo Munich saw its premium rise by 52.98% to Rs. 1.67 billion in January.
Reliance General recorded a rise of 14.1% to Rs. 1.85 billion, while HDFC Ergo General's premium in January increased by 9.5% to Rs. 2.31 billion.

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