The public sector insurers witnessed a 6.08% fall in gross premium collection at ₹10,959.88 crore in September FY21 as against ₹11,669.43 crore in the same month a year ago, the Insurance Regulatory and Development Authority of India (Irdai) data showed.
The private sector non-life insurance players reported a 5.04% fall in premium at ₹11,814.71 crore in September 2020 as against ₹12,442.35 crore a year ago.
However, the seven standalone health insurers among the non-life insurance companies registered a 38.04% jump in premium income at ₹1,543.62 crore during the month from ₹1,118.24 crore a year ago.
The total premium collected by the 34 non-life insurance players during April-September period of 2020-21 increased 1.37% to ₹96,831.55 crore.
Their gross premium income stood at ₹95,526.89 crore in the same period of 2019-20.
The cumulative premium of public sector insurers during April-September period of the fiscal rose 0.86% to ₹43,347.49 crore.