New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.

All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.

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In a break-up of data by the Insurance Regulatory and Development Authority of India (Irdai), 24 general insurance companies registered an 8.79 per cent increase in their combined gross direct premium during 2021-22 at Rs 1,84,775.17 crore against Rs 1,69,844.68 crore in the previous fiscal.

Five standalone private sector health insurance companies witnessed a 32.53 per cent jump in their gross direct premium income in FY22 to Rs 20,880.08 crore against Rs 15,755.18 crore a year ago, according to the Irdai data.

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The two specialised PSU insurers -- Agricultural Insurance Company of India Ltd and ECGC Ltd-- posted a 14.22 per cent rise in their collective gross premium to Rs 14,979.47 crore compared to Rs 13,114.85 crore in FY21.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)