Lok Sabha Question No. 1888 (UNSTARRED), answered on 2018-12-21
Subject: Income of Non-Life Insurance Companies
Ministry: FINANCE
Asked by: K. GOPAL

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 1888

TO BE ANSWERED ON FRIDAY, DECEMBER 21, 2018/AGRAHAYANA 30, 1940 (SAKA)

## Income of Non-Life Insurance Companies

1888. DR. K. GOPAL:

Will the Minister of FINANCE be pleased to state:

- (a) whether the non-life insurance companies reported a rise of nine per cent premium income to Rs. 19,098.51 crore in September, 2018 and if so, the details thereof; and
- (b) whether these insurance companies had earned premium of Rs. 17,514.64 crore in September, 2017 and if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

- a)  and  (b):  As  per  Insurance  Regulatory  and  Development Authority of India (IRDAI), non-life insurance companies have registered a rise of 9.0% in their premium income from  Rs.  17514.64  Crore9  in  September  2017  to  Rs.  19098.51  Crore  in  September 2018. Insurer wise premium income details are given in Annexure .

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ANNEXURE REFERRED TO IN (a) AND (b) OF LOK SABHA UNSTARRED QUESTION NO. 1888 FOR ANSWER ON DECEMBER 21, 2018.

Gross Direct Premium- (Rs. Crore.) - For the Month of September

|   S.No. | INSURER                                            | Sept. 2017   |   Sept. 2018 |
|---------|----------------------------------------------------|--------------|--------------|
|       1 | Acko General Insurance Limited                     | NA           |         6.54 |
|       2 | Bajaj Allianz General Insurance Company Limited    | 1387.08      |       839.08 |
|       3 | Bharti AXA General Insurance Company Limited       | 212.41       |       268.75 |
|       4 | Cholamandalam MS General Insurance Company Limited | 432.33       |       309.13 |

| 5   | DHFL General Insurance Limited                        | NA       |     33.3 |
|-----|-------------------------------------------------------|----------|----------|
| 6   | Edelweiss General Insurance Limited                   | NA       |     3.91 |
| 7   | Future Generali India Insurance Company Limited       | 143      |   237.57 |
| 8   | Go Digit General Insurance Limited                    | NA       |    58.77 |
| 9   | HDFC Ergo General insurance Company Limited           | 1005.75  |  1379.12 |
| 10  | ICICI Lombard General Insurance Company Limited       | 1218.35  |  1318.48 |
| 11  | IFFCO Tokio General Insurance Company Limited         | 351.19   |   625.59 |
| 12  | Kotak Mahindra General Insurance Company Limited      | 14.09    |    25.3  |
| 13  | Liberty Videocon General Insurance Company Limited    | 59.75    |    80.5  |
| 14  | Magma HDI General Insurance Company Limited           | 36.92    |    70.38 |
| 15  | National Insurance Company Limited                    | 1261.63  |   893.31 |
| 16  | Raheja QBE General Insurance Company Limited          | 6.97     |     8.08 |
| 17  | Reliance General Insurance Company Limited            | 877.38   |  1039.34 |
| 18  | Royal Sundaram General Insurance Company Limited      | 218.8    |   518.01 |
| 19  | SBI General Insurance Company Limited                 | 434.64   |   492.86 |
| 20  | Shriram General Insurance Company Limited             | 171.6    |   196.3  |
| 21  | Tata AIG General Insurance Company Limited            | 386.41   |   635.93 |
| 22  | The New India Assurance Company Limited               | 2449.56  |  2450.28 |
| 23  | The Oriental Insurance Company Limited                | 1412.17  |  1552.05 |
| 24  | United India Insurance Company Limited                | 1183.56  |  1305.12 |
| 25  | Universal Sompo General Insurance Company Limited     | 109.57   |   120.94 |
|     | General Insurers Total                                | 13373.2  | 14468.6  |
| 26  | Aditya Birla Health Insurance Company Limited         | 16.36    |    39.31 |
| 27  | Apollo Munich Health Insurance Company Limited        | 121.82   |   159.38 |
| 28  | Cigna TTK Health Insurance Company Limited            | 25.55    |    41.57 |
| 29  | Max Bupa Health Insurance Company Limited             | 59.88    |    75.83 |
| 30  | Religare Health Insurance Company Limited             | 82.98    |   173.29 |
| 31  | Star Health & Allied Insurance Company Limited        | 329.6    |   428.52 |
|     | Stand-alone Pvt Health Insurers Total                 | 636.19   |   917.9  |
| 32  | Agricultural Insurance Company of India Limited       | 3382.91  |  3600.05 |
| 33  | Export Credit Guaranteed Corporation of India Limited | 122.38   |   111.92 |
|     | Specialized PSU Insurers Total                        | 3505.29  |  3711.97 |
|     | GRAND TOTAL :                                         | 17514.64 | 19098.5  |