India non-life premiums hit $37.0b in March 2026

IRDAI figures show annual premiums rose 9.20%.

India’s non-life insurance sector reported gross direct premiums of $37.0b (INR3,35,918.07 crore) for the financial year up to March.

This represents a growth of 9.20% compared with $33.8b (INR3,07,612.23 crore) in the previous year, according to provisional and unaudited figures released by the Insurance Regulatory and Development Authority of India. 

For March alone, insurers collected $3.2b (INR28,896.14 crore) in premiums, up from $2.9b (INR26,577.10 crore) in March 2025.

General insurers continued to account for the largest share of the market, with premiums totalling $30.6b (INR2,78,376.02 crore) for the year, marking a 7.86% increase. The segment held an 82.87% market share. 

Stand-alone private health insurers saw stronger growth, with premiums rising 19.40% to $5.0b (INR45,865.95 crore), accounting for 13.65% of the market. 

Specialised public sector insurers recorded premiums of $1.3b (INR11,676.10 crore), up 5.11%, representing 3.48% of the market. 
($1.00 = INR94.26)