June 2025 Sees Modest Growth in General Insurance Premiums
According to the latest IRDAI data, India’s non-life insurance sector witnessed a 5.2% year-on-year growth in gross direct premiums for June 2025. The total collection stood at approximately ₹24,055 crore, compared to ₹22,859 crore in June 2024.
This moderate rise reflects a mixed performance across public and private insurers, with private companies showing stronger momentum.
Key Highlights:
| Segment | June 2024 | June 2025 | Growth (%) |
|---|---|---|---|
| Public Sector Insurers | ₹10,104 Cr | ₹10,369 Cr | +2.6% |
| Private Insurers | ₹12,755 Cr | ₹13,685 Cr | +7.3% |
| Standalone Health Insurers | ₹2,358 Cr | ₹2,699 Cr | +14.5% |
| Specialized Insurers | ₹1,642 Cr | ₹1,681 Cr | +2.4% |
What’s Fueling the Growth?
- Health Insurance remains the key growth driver, with standalone health insurers recording a 14.5% surge.
- Motor and fire insurance segments saw marginal increases.
- Government schemes and rural outreach initiatives also contributed to expanding the insurance net.
Why It Matters
This uptick, while moderate, reflects consumer interest in health coverage and digital-first policy management. With inflation and healthcare costs on the rise, insurers may increasingly focus on customized, affordable plans in rural and semi-urban markets.
For consumers, this signals stronger competition among insurers — which may lead to better pricing, features, and add-ons in the coming months.
Final Word
India’s non-life insurance industry is slowly expanding its reach, with health coverage demand rising steadily. As we move into the second half of 2025, policyholders can expect more innovation, especially in digital services and bundled offerings.
