Out of the four state-owned general insurers, National Insurance
Company and United India Insurance
Company saw a decline in their premium growth. National Insurance contracted 12.96 per cent and United India Insurance declined 3.83 per cent.
The other two state-owned general insurers
– New India Assurance and Oriental Insurance – grew 5.41 per cent and 13.39 per cent respectively.
The standalone health insurers, seven in total, have underwritten premiums to the tune of Rs 8,510.15 crore in April-January of FY19, up 40.08 per cent from Rs 6,075.39 crore in April-January FY 18.
The specialized PSU insurers (Agriculture Insurance Company and ECGC) saw their premium growth contract by 8.47 per cent to Rs 7,084.73 crore in April – January FY 19 from Rs 7,740.10 crore in the same period in FY 18.