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General Insurance: Health insurers post strong growth in YTD FY22
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The general insurance council (GI Council) released segment-wise gross direct premium income (GDPI) data of the Indian general insurance (GI) industry for the month of September 2021 and YTD FY22. The health segment continued to deliver strong growth (29% year-on-year for YTD FY22; 17% y-o-y in September 21) on a relatively stronger base, offsetting sluggish growth in the motor segment (4% y-o-y) for YTD FY22; 1% y-o-y in September 21). Overall GDPI grew 12% y-o-y for YTD FY22 but declined by 2.8% y-o-y in September 21.
Overall GDPI for the industry stood at Rs 1,087 billion for YTD FY22 vs. Rs 968 bn in the previous year.
Health and personal accident For YTD FY22, the Indian GI industry posted impressive 12.3% y-o-y GDPI growth, aided by
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