The business collected ₹23,256 crore in gross premiums through the month, rising from ₹21,984 crore a yr earlier, in keeping with knowledge launched by the Normal Insurance coverage Council on Monday.
Standalone well being insurers-who primarily function within the retail well being segment-recorded a ten.4% improve in premium collections.
Prime insurers, nevertheless, had a blended efficiency through the month.
Massive personal insurers like Bajaj Allianz clocked a 17% progress in premium revenue. In distinction, listed insurers corresponding to ICICI Lombard noticed a ten.3% decline. Nonetheless, state-owned New India Assurance posted a ten.7% improve, and standalone well being insurers like Niva Bupa additionally noticed premiums rising by 15.5% whereas Star Well being recorded a 2.8% improve.
Total, the final insurance coverage business posted a 9% rise in premium revenue for the June quarter, reaching ₹78,917 crore. Many of the business’s April and Might efficiency was backed by industrial enterprise, however business executives famous that readability will emerge as soon as segment-wise knowledge is launched.”April and Might have been robust on industrial premium renewals, which could have masked the fast impression of 1/n,” a senior business govt stated.Premium figures in June have the impression of insurance coverage regulator Irdai’s revised reporting format, which mandates recognition of premium revenue on a 1/n foundation for multi-year insurance policies.
Because the new format got here into impact final October, the info for June 2024 was reported on a gross written premium (GWP) foundation with out such changes. Consequently, the June 2025 numbers present the complete GWP from recent enterprise however solely a fraction (1/n) of premium from long-term insurance policies, making year-on-year comparisons not like-to-like.
Additionally, segment-wise knowledge will supply extra readability, executives stated. Sale of motor insurance coverage is anticipated to be muted in step with a slowdown in auto gross sales, they stated.
