Non-life insurers get health boost in April

Private life insurers post 55% growth

Growing demand for health insurance, evident since the pandemic began last year, played a role in non-life insurers posting more than 22% year-on-year rise in gross direct premium underwritten to ₹17,310 crore in April. Among them, standalone private health insurers posted a 55.6% increase to ₹1,259.2 crore, according to flash figures released by insurance regulator IRDAI. General insurers, for whom too health insurance is the mainstay, reported a 19.6% rise to ₹15,946.5 crore. With the inclusion of the two specialised PSU insurers, the non-life insurers gross premium underwritten rose 22%.