Life insurers’ new business premium rose 21% in September
In short
Life insurers, led by LIC and private players, saw new business premium rise 21% in September. Non-life premium rose 6% too, helped by general and health insurers, even though crop insurance collections fell sharply.
This matters for insurers and investors because it shows stronger premium growth, but the reporting does not give the rupee amounts or the full breakdown.
What the reporting says
LIC and private life insurers drove a 21% jump in life insurance new business premium in September, while non-life premium rose 6% as general and health insurers offset weaker crop insurance collections. The source summary points to broad premium growth across segments, with crop insurance as the main drag. What is not stated is the exact premium amounts or which individual insurers contributed most.
Why it matters
LIC and private life insurers were reported to have driven a 21% rise in September new business premium, while general and health insurers helped push non-life premium up 6%. The summary also says crop insurance collections fell sharply, which likely held back the broader non-life picture. The reporting does not give segment totals or the underlying reasons for the crop decline.