Page 53 - Insurance Times April 2022

Performance Statistics - Non-Life Insurance
GROSS DIRECT PREMIUM UNDERWRITTEN FOR AND UPTO THE MONTH OF FEBRUARY 2022

(Rs. in crores)
INSURER For the month of Upto the Market Share Growth over the
February Month of February upto the corresponding
Month of period of pre-
2021-22 2020-21 2021-22 2020-21 Feb. 2022 (%) vious year (%)
Acko General Insurance Limited 77.13 36.80 865.81 358.47 0.43 141.53
Bajaj Allianz General Ins. Co. Ltd. 812.54 769.93 12,678.69 11,698.75 6.37 8.38
Bharti AXA General Ins. Co. Ltd.# NA 221.49 NA 2,912.56 NA NA
Cholamandalam MS General Ins. 436.74 405.34 4,327.85 3,945.71 2.17 9.69
NAVI General Insurance Limited 13.30 8.45 91.08 94.54 0.05 (3.67)
Edelweiss General Ins. Co. Ltd. 24.08 17.94 321.96 194.00 0.16 65.96
Future Generali India Ins. Co. Ltd. 272.36 290.55 3,641.09 3,383.28 1.83 7.62
Go Digit General Ins. Ltd. 496.26 321.30 4,178.67 2,088.55 2.10 100.08
HDFC Ergo General Ins. Co. Ltd. 1,109.08 1,155.61 11,731.87 10,895.74 5.89 7.67
ICICI Lombard General Ins. Co. Ltd. 1,415.47 1,078.00 16,526.04 13,029.35 8.30 26.84
IFFCO Tokio General Ins. Co. Ltd. 659.74 614.93 7,638.20 7,709.46 3.84 (0.92)
Kotak Mahindra General Ins. Co. 73.39 51.20 650.47 484.30 0.33 34.31
Liberty General Ins. Ltd. 136.11 123.95 1,360.97 1,321.19 0.68 3.01
Magma HDI General Ins. Co. Ltd. 158.56 108.66 1,580.93 1,164.74 0.79 35.73
National Ins. Co. Ltd. 955.70 1,047.77 11,798.87 12,642.84 5.93 (6.68)
Raheja QBE General Ins. Co. Ltd. 34.35 29.05 338.07 236.52 0.17 42.93
Reliance General Ins. Co. Ltd. 633.20 561.01 8,561.57 7,514.62 4.30 13.93
Royal Sundaram General Ins. Co. 234.76 238.90 2,567.90 2,555.26 1.29 0.49
SBI General Ins. Co. Ltd. 917.66 756.84 8,113.25 7,352.60 4.08 10.35
Shriram General Ins. Co. Ltd. 157.40 184.86 1,570.98 1,929.10 0.79 (18.56)
Tata AIG General Ins. Co. Ltd. 928.11 492.29 8,900.53 7,398.13 4.47 20.31
The New India Assurance Co. Ltd. 2,245.03 2,217.63 29,961.70 26,020.32 15.05 15.15
The Oriental Ins. Co. Ltd. 1,072.64 1,071.69 12,493.30 11,314.97 6.28 10.41
United India Ins. Co. Ltd. 1,119.70 1,187.93 13,998.63 15,198.55 7.03 (7.89)
Universal Sompo General Ins. Ltd. 190.29 166.73 3,168.47 2,741.13 1.59 15.59
General Insurers Total 14,173.59 13,158.86 1,67,066.90 1,54,184.67 83.94 8.36
Aditya Birla Health Ins. Co. Ltd. 140.50 109.73 1,516.62 1,123.49 0.76 34.99
ManipalCigna Health Ins. Co. Ltd. 83.02 63.91 861.56 654.32 0.43 31.67
Niva Bupa Health Ins. Co. Ltd. 246.35 172.51 2,430.96 1,497.03 1.22 62.39
Care Health Insurance Limited 336.07 229.83 3,399.14 2,243.87 1.71 51.49
Star Health & Allied Ins. Co. Ltd. 1,025.70 830.34 9,840.28 7,790.30 4.94 26.31
Reliance Health Ins. Ltd.* --- --- (0.02) (0.01) NA NA
Stand-alone Pvt Health Insurers 1,831.63 1,406.32 18,048.54 13,308.99 9.07 35.61
Agricultural Ins. Co. of India Ltd. 451.06 1,078.76 12,995.21 10,836.45 6.53 19.92
ECGC Limited 104.71 103.04 932.42 907.72 0.47 2.72
Specialized PSU Insurers 555.77 1,181.80 13,927.63 11,744.17 7.00 18.59
GRAND TOTAL 16,560.99 15,746.99 1,99,043.08 1,79,237.83 100.00 11.05
Note: Compiled on the basis of data submitted by the Insurance companies NA: Not Applicable
*Takeover of Reliance Health Insurance portfolio by Reliance General Insurance
#BhartiAXA General Insurance Co.Ltd has been merged with ICICI Lombard General Insurance Co.Ltd w.e.f 08.09.2021.

The Insurance Times, April 2022 53