Niva Bupa Health Insurance outperformed the segment, reporting 35% growth in premium collections, while Star Health and Allied Insurance recorded a 19% increase
India’s general insurance industry reported a 14% year-on-year increase in gross direct premium income for June, with standalone health insurers continuing to outpace the broader market, according to provisional industry data.
Among listed general insurers, ICICI Lombard General Insurance reported premium growth broadly in line with the industry at 14%. State-owned New India Assurance posted a comparatively slower 10% increase in premium collections, while Go Digit General Insurance reported a 3% decline in premiums during the month.
The standalone health insurance segment remained the fastest-growing category, with industry premiums rising 31% year-on-year in June.
Niva Bupa Health Insurance outperformed the segment, reporting 35% growth in premium collections, while Star Health and Allied Insurance recorded a 19% increase.Read more: Saral Jeevan Bima cover starts at around ₹550 per month: How the term insurance plan works
The June data underscores continued strength in the health insurance segment, even as growth among general insurers remained mixed, with private players largely tracking or outperforming the industry while Go Digit reported a decline in premium collections.
General InsuranceHealth Insuranceinsurance dataNiva Bupa
