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    Home»Finance»Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai
    Finance

    Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai

    By adminSeptember 23, 2022Updated:September 23, 2022No Comments0 Views
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    Non-life insurers registered a 12 per cent yearly development in their gross direct premium income throughout August this fiscal at Rs 24,471.95 crore, knowledge from insurance coverage sector regulator Irdai confirmed. In the identical month a yr in the past, all of the 31 non-life insurance coverage firms in the home market had garnered a gross premium income of Rs 21,867.93 crore.

    According to the information offered by the Insurance Regulatory and Development Authority of India (Irdai), a complete of 24 common insurers witnessed a 9.3 per cent development in their collective gross direct premium income in August at Rs 17,101.75 crore as towards Rs 15,648.63 crore in the year-ago interval.

    The 5 standalone medical insurance suppliers reported a bounce of 28 per cent in their gross direct premium income through the month at Rs 2,059.38 crore. The determine stood at Rs 1,609.75 crore in August 2021.

    The relaxation two specialised public sector insurers in the non-life house witnessed a 15.2 per cent rise in their mixed premium income in August 2022 at Rs 5,310.82 crore as towards Rs 4,609.55 crore a yr in the past.

    On a cumulative foundation, all of the 31 gamers’ gross direct premium income in April-August interval of 2022-23 rose by 18.57 per cent to Rs 1,02,357.29 crore. It was Rs 86,329.09 crore in the identical interval of 2021-22.

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    domestic market insurance provider Irdai Life Insurance premium
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