The trade collected ₹23,256 crore in gross premiums through the month, rising from ₹21,984 crore a 12 months earlier, in response to knowledge launched by the Basic Insurance coverage Council on Monday.
Standalone well being insurers-who primarily function within the retail well being segment-recorded a ten.4% enhance in premium collections.
Prime insurers, nevertheless, had a blended efficiency through the month.
Giant non-public insurers like Bajaj Allianz clocked a 17% progress in premium earnings. In distinction, listed insurers resembling ICICI Lombard noticed a ten.3% decline. Nevertheless, state-owned New India Assurance posted a ten.7% enhance, and standalone well being insurers like Niva Bupa additionally noticed premiums rising by 15.5% whereas Star Well being recorded a 2.8% enhance.
General, the final insurance coverage trade posted a 9% rise in premium earnings for the June quarter, reaching ₹78,917 crore. Many of the trade’s April and Could efficiency was backed by industrial enterprise, however trade executives famous that readability will emerge as soon as segment-wise knowledge is launched.”April and Could have been sturdy on industrial premium renewals, which could have masked the speedy affect of 1/n,” a senior trade govt mentioned.Premium figures in June have the affect of insurance coverage regulator Irdai’s revised reporting format, which mandates recognition of premium earnings on a 1/n foundation for multi-year insurance policies.
For the reason that 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. Because of this, the June 2025 numbers present the total GWP from contemporary 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 provide extra readability, executives mentioned. Sale of motor insurance coverage is anticipated to be muted in step with a slowdown in auto gross sales, they mentioned.