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Total gross premium of non-life insurers up 12% in FY14

The total gross premium underwritten by the motor insurance stood at Rs. 338.87 billion, indicating a growth of 13.5% over the same period previous year

June 10, 2014 5:06 IST | India Infoline News Service
The total gross premium underwritten by non-life insurers increased 12.2% to Rs. 775.41 billion in the year ended March 31, 2014, compared to the year-ago period.
The total gross premium underwritten by the motor insurance stood at Rs. 338.87 billion, indicating a growth of 13.5% over the same period previous year, according to IRDA (Insurance Regulatory and Development Authority) data.
During the same period, health insurance segment gross premium grew to 13.5% to Rs. 176.24 billion.
However, in the aviation sector, the premium underwritten reported a decline of 7% to Rs. 4.48 billion.

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