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Pvt sector life insurers gain market shares in new business premium and policies sold in FY24

by AIP Online Bureau | Apr 24, 2024 | Indian News, Life, Policy

26 private sector life insurers have gained market share over LIC in all three key areas like new business premium, policies and number of policies and number  of  lives covered under group schemes in FY 24 Indicating  higher ticket size of its average...

Private general insurers expand market share to 53.58 pc in H1’FY24

by AIP Online Bureau | Nov 26, 2023 | Health, Indian News, Non-Life

According to the Irdai data, up to September 2023 health insurance was the largest non-life segment followed by motor (total) and crop insurance New Delhi: Private general insurers increased their combined market share to 53.58 per cent in gross direct premium...

In a first, PSU general insurers’ market share below a third of industry

by AIP Online Bureau | Sep 10, 2023 | Indian News, Non-Life

Public sector insurers saw their premium income fall by 1 per cent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 per cent from 33.4 per cent, while premium income slipped...

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