India's general insurance sector just had a strong October, growing 10.5% and collecting ₹32,761 crore in premiums.
The main push came from standalone health insurers and top private companies, showing the industry is staying resilient even with economic ups and downs.
Stand-alone health premiums reach ₹4,549 cr
Stand-alone health insurers led the way with a big 21.29% jump in premiums, reaching ₹4,549 crore.
HDFC ERGO saw standout growth at 34.87%, while SBI General was close behind at 31.98%.
Bajaj General Insurance and ICICI Lombard also chipped in with solid gains.
National Insurance +16.11% Oriental Insurance -2.64%
Public-sector insurers had a mixed month: National Insurance grew by 16.11%, but Oriental Insurance slipped by 2.64%.
These results highlight how different strategies are playing out as companies compete to grow in a changing market.