India non-life insurers post 1.63% growth in August 2025

General insurers, which make up the bulk of the market, posted $0.23b.

India’s non-life insurance sector recorded moderate growth in August 2025, with the overall market reaching $0.27b (₹24,952.97 crore) in gross direct premium underwritten, up 1.63% from $0.27b (₹24,553.62 crore) a year earlier, data from the General Insurance Council showed.

Cumulative premiums for the financial year to date rose 6.05% to $1.47b (₹133,983.99 crore), compared with $1.39b (₹126,343.89 crore) in the same period last year.

General insurers, which make up the bulk of the market, posted $0.23b (₹20,488.38 crore) for the month, a 4.26% increase from $0.22b (₹19,651.52 crore) a year earlier. 

Their cumulative premiums rose 5.98% to $1.26b (₹114,728.88 crore), giving them an 85.63% market share.

Standalone health insurers collected $0.04b (₹3,357.66 crore) in August, up 4.01% year on year. 

Their cumulative premiums increased 8.78% to $0.18b (₹16,130.87 crore), with market share edging up to 12.04%.

Specialised insurers, which include agriculture and export credit coverage, saw premiums fall 33.87% to $0.01b (₹1,106.93 crore) in August. 

Cumulative premiums dropped 4.04% to $0.03b (₹3,124.24 crore), reducing market share to 2.33%.

The Insurance Regulatory and Development Authority of India noted that growth rates this year reflect changes in reporting formats, with long-term policies excluded from premium data starting October 2024.

($1.00 = ₹88.19)