The total premium collected by non-life insurance companies in July rose 9 per cent to ₹9,791 crore from ₹8,975 crore in the year-agoperiod, according to data provided by the insurance regulator.

Of the total premium underwritten by general insurance companies during the month, public sector entities garnered ₹4,213 crore, which was lower than the ₹4,502 crore they collected a year ago. And, private players mobilised about ₹5,140 crore during the month, according to Insurance Regulatory and Development Authority of India.

Among the four public sector companies, only National Insurance Company achieved positive growth during the month. It clocked a total premium of ₹1,123 crore as against ₹1,067 crore a year ago.

Though it retained top position, New India Assurance’s total premium for the month declined 11 per cent to ₹1,315 crore.

United India Insurance’s total premium stood at ₹1,096 crore (₹1,220 crore). and Oriental Insurance garnered ₹679 crore (₹732 crore).

Private sector players

In the private sector, ICICI Lombard topped the table with a total underwritten premium of ₹1,010 crore, which was 11 per cent more than the ₹910 crore mopped up in July 2016.

Bajaj Allianz and HDFC Ergo General mobilised ₹590 crore (₹598 crore) and ₹452 crore (₹320 crore), respectively.

For the April-July 2017 period, the total non-life insurance premium collected by private and public sector insurers grew 19 per cent to ₹43,077 crore (₹36,294 crore).

Public sector companies had a combined market share of 48 per cent, and private sector insurers, 45 per cent.

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