The general insurance premium lowered by 0.1 percent year-on-year (YoY) in September, according to the provisional data released by the General Insurance Council. The month-to-month (MoM) premium was, however, up 15 percent the data said. The standalone health insurance premium was 24.3 percent YoY and down 26.7 percent MoM.

On the other hand, life insurance premium increased by 35 percent YoY in September. It was 14 percent up MoM.

Here's how top general and insurance companies fared in the month:

General insurance

ICICI Lombard

The premium was 2.1 percent up YoY and 22.5 percent up MoM. The market share gain was of 0.5 percent.

ALSO READ | IRDAI chief gives tips to make Indian insurance market largest

New India Assurance

The premium was 15 percent down YoY and 2.9 percent up MoM. The market share loss stood at 1.7 percent.

Star Health

The premium was 10.2 percent up YoY and 11.5 percent up MoM. The market share loss stood at 0.15 percent.

Life insurance

HDFC Life

The September premium was 21 percent down YoY and 5 percent up MoM.

ALSO READ | Insurance regulator approves Bima Sugam — here's how it will work

ICICI Pru

The September premium was 4 percent down YoY and 0.7 percent down MoM.

Max Life

The September premium was 3 percent up YoY and 17 percent up MoM.

SBI Life

The premium was 15 percent down YoY and and 8 percent down Mom.

ALSO READ | You may get discount on insurance premiums if you buy policy online

First Published:Oct 7, 2022 2:04 PM IST