General Insurance Premium Growth Hits 10.5% In October; Standalone Health Insurers Lead With A 21.29% Jump

India’s general insurance companies recorded gross direct premium income of ₹32,761 crore in October, a 10.5% increase year-on-year (YoY). The growth was supported by private general insurers and standalone health insurance companies, according to provisional data from the General Insurance Council.

General insurers alone reported a 10.15% rise in premium income to ₹28,062 crore. Standalone health insurers (SAHIs) performed better, with collections increasing 21.29% to ₹4,549 crore.

How Was The Growth Of Private Insurers?

Among private general insurers:

• HDFC ERGO reported a 34.87% increase in premium income to ₹1,662 crore

• SBI General recorded 31.98% growth to ₹1,550 crore

• Bajaj General Insurance posted a 12.14% rise to ₹2,142 crore

• ICICI Lombard’s premium income increased 9.69% to ₹2,826 crore

• Tata AIG recorded 15% growth to ₹2,265 crore

• IFFCO-Tokio reported an 18% increase to ₹974 crore

Go Digit General Insurance was an exception, with premium income declining 3.23% to ₹967 crore.

What Trends Do The Public Sector Insurers Show?

Among public sector insurance companies, National Insurance recorded 16.11% growth to ₹3,287 crore. New India Assurance reported a 2.94% increase to ₹3,880 crore, while United India Insurance’s premium income rose 11.55% to ₹1,775 crore. Oriental Insurance reported a 2.64% decline to ₹1,479 crore.

The health insurance premium segment continued to outperform. Care Health Insurance recorded 34.56% growth to ₹1,129 crore. Niva Bupa’s premium income increased 20.05% to ₹826 crore, while Star Health reported a 17.65% rise to ₹1,721 crore.

For April to October FY27, the general insurance industry's premium income increased 9.13% to ₹2.12 lakh crore. General insurers recorded 9.23% growth to ₹1.79 lakh crore. SAHIs posted a 29.18% increase to ₹30,135 crore.

How Are Insurance Companies Trading?

For the previous session on Friday, 13 November 2026, this is how the insurance stocks traded on the National Stock Exchange (NSE):

• The New India Assurance Company share price closed at ₹158.03, down 1.97%

• The Niva Bupa Health Insurance share price closed 0.72% higher at ₹78.77

• Star Health shares closed 0.34% higher at ₹572.90

Sources

NSE

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