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Thursday, September 03, 2009

General insurers premium collection grows by 13.8 pc in July

General insurers witnessed a growth of 13.8 per cent in premium collection for the month of July at Rs 2,856.42-crore as compared to Rs 2,508.92-crore in the same period last year, IRDA said.

Private-sector general insurers earned a premium of Rs 1,176.02-crore, up 14.2 per cent, as against Rs 1,028.98-crore in the corresponding period last year, IRDA data said.

ICICI-Lombard collected a premium of Rs 260.02-crore for the month of July as against Rs 284.32-crore in July 2008.

Bajaj Allianz, Reliance General, IFFCO-Tokio and HDFC ERGO general insurance

earned a premium of Rs 215.01-crore, 170.48-crore, Rs 127.06-crore and Rs 109.87-crore, respectively, in the month of July, the data said.

Public sector general insurers collected Rs 1,680.40-crore as premium in July, a growth of 13.5 per cent, as compared to Rs 1,479.94-crore in the same period last year.

United India collected a premium of Rs 384.13-crore in July this year as against Rs 324.48-crore during the previous year and New India's premium collection was Rs 509.02-crore in the period under review as compared to Rs 442.18-crore in July 2008.

National Insurance and Oriental Insurance collected a premium of Rs 362.78-crore and 424.47-crore, respectively.


source: ET

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