India non-life premium growth slumps to 5.7% in July 2026

July business reached $3.3b across general health and specialised public sector insurers.

Growth in gross direct premiums underwritten by Indian non-life insurers slowed to 5.7% year-on-year in July 2026, down from nearly 16% in June, according to data from the General Insurance Council, as reported by the Business Standard.

Total premiums underwritten for the month stood at $3.3b (INR31,397.6 crore) across multi-line general insurers, standalone health insurers, and specialised public sector unit (PSU) insurers.

Multi-line general insurers generated the largest share of overall volume, recording a 7.7% year-on-year rise in premiums to $2.7b (INR26,335.3 crore). 

Standalone health insurers maintained strong expansion, with premiums increasing by 28.8% to $486.8m (INR4,666 crore). 

Conversely, specialised PSU insurers recorded a significant decline, with premiums falling by more than 75% year-on-year to $41.3m (INR396 crore).
($1.00 = INR95.86)