General insurers clock 16.7% premium growth

Mumbai: The general insurance industry reported a 16.7% year-on-year increase in gross direct premium income in June, driven by robust growth in standalone health insurers, while premium collections for the first quarter of FY27 rose 11.1%, according to data released by the General Insurance Council.

The industry collected gross written premium of ₹27,145 crore in June, taking collections for the April-June quarter to ₹87,628 crore.

Standalone health insurers emerged as the fastest-growing segment, posting a 31% increase in premium in June and around 33% growth during the first quarter, outpacing the overall non-life insurance industry.


Among listed insurers, health insurer Niva Bupa Health Insurance led growth with a 34% increase in premium in June and a 32% rise during the quarter. Star Health and Allied Insurance reported 19.2% growth both in June and for the April-June period.

Among diversified general insurers, ICICI Lombard General Insurance reported a 13.7% increase in gross written premium in June, while its premium growth for the quarter stood at 7.5%.