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NEW DELHI: The general insurance
industry grew by about 12% during January with robust
performance by private players like Reliance General and
Cholamandalam. The 16 non-tile insurers collected Rs
2,520 crore premiums in January 2008 against Rs 2,253
crore in the same month last year. During the month,
nine private sector general insurance companies garnered
Rs 990 crore against Rs 811 crore in the same month a
year ago. Reliance General increased its premium by
47.5% to Rs 149 crore, Cholamandalam's premium grew by
65% to Rs 48 crore in January. The largest player in the
segment, ICICI Lombard, collected Rs 278 crore against
Rs 275 crore. At the same time, four public sector
non-life insurance companies collected Rs 1,467 crore
against Es 1,391 crore in the corresponding month a year
ago. |