Quick Summary
Following the rollout of recentGST reforms, India's non-life insurance industry witnessed steady growth in September 2025, driven by improved sentiment in the general and health insurance segments. According to data released by the General Insurance Council (GIC), general insurers' gross direct premium income rose marginally by 1.94% year-on-year (YoY) to Rs 23,430.96 crore, while standalone health insurers (SAHIs) recorded 3.09% growth to Rs 3,492.71 crore. This comes after the GST Council ea
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FAQ :
The non-life insurance industry's gross premiums rose by 13.17% year-on-year to Rs 31,177.59 crore in September 2025.
The GST Council announced a complete exemption on all individual life and health insurance policies, which is expected to make insurance more affordable and boost overall penetration.
Specialised insurers were the standout performers, reporting an impressive 261.52% year-on-year growth in premiums.
General insurers' gross direct premium income rose marginally by 1.94% year-on-year to Rs 23,430.96 crore.
For the April-September FY26 period, non-life insurers are projected to collectively record Rs 1.53 trillion in premiums, reflecting a 7.32% year-on-year growth.
Direct year-on-year comparisons remain imperfect due to the Insurance Regulatory and Development Authority of India's revised accounting format for long-term premium reporting, effective from October 1, 2024.
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