Non-life insurers have recorded around 12 per cent year-on-year (YoY) growth in gross premiums underwritten in December. This comes after low single-digit growth in November and contraction in September and October.
In December, non-life insurers that include general insurers, standalone health insurers and specialised PSU insurers reported gross premium underwritten to the tune of Rs 17,935.97 crore, compared to Rs 16,048.86 crore in the same period last year. In November, they had reported a 2.7 per cent growth in premium, while in October and September, premiums earned declined 0.41 per cent and 4.41 per cent, respectively.
While general insurers, 25 in total, collected Rs 15,491.12 crore premium in December this year, up 10.59 per cent YoY, the standalone health insurer’s premium went up more than 5 per cent in the same period over last year.
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MUMBAI: Awarding a total compensation of around Rs 52 lakh to a 41-year-old senior business analyst from Chembur who lost his right foot after his long-distance luxury bus collided with a stationary tempo while he was on his way to Bangalore in 2012, the Motor Accident Claims Tribunal factored Rs 1.1 lakh towards loss of leave, which could have been used for other purposes.
“Applicant must have had at least 30 days of medical or sick leave to his credit, which he availed for treatment. The applicant also utilized 14 days’ privilege leave for treatment. This prevented him from availing paid sick and privilege leave for other purposes,” the tribunal said.
Read more about ICICI Lombard General Insurance Company Ltd in demand on Business Standard. ICICI Lombard General Insurance Company Ltd is quoting at Rs 1611.4, up 1.71% on the day as on 12:49 IST on the NSE. The stock is up 15.94% in last one year as compared to a 17.85% jump in NIFTY and a 7.76% jump in the Nifty Financial Services