The Premium Score Board- July 2023

     

The premium growth at the end of July 2023 is 16.5% driven by health and motor segments. The high-growth segments continue to be Engineering, Motor, and Health. The Stand-Alone Health Insurance (SAHI) companies continue to improve the growth rate in health segment. The growth percentage in fire and marine and liability has dipped with marine cargo and liability segments registering negative growth rate. The total premium of the non-life industry upto July month this year stands at Rs 90766 crores, as opposed to the previous year's total up to the month of Rs 77888 crores.