India’s non-life insurance sector recorded a 9.2% growth in gross direct premium to ₹3.35 lakh crore in FY26. | Photo Credit: iStockphoto

The Gross Direct Premium (GDP) underwritten by non-life insurers increased 9.20 per cent in the financial year ended March 2026 at ₹3.35 lakh crore compared to ₹3.07 lakh crore in the previous financial year.

As per flash figures released by the Insurance Regulatory and Development Authority of India (IRDAI), the total GDP in FY26 stood at ₹ 3,35,918 crore, up from ₹3,07,612 crore.

The GDP of general insurers grew 7.86 per cent to ₹2,78,376 crore in the year under review, compared to ₹2,58,090 crore in the previous fiscal.

The GDP of standalone private health insurers surged 19.8 per cent at ₹45,865 crore (₹38,413 crore). The positive impact of the GST waiver on health insurance premiums was greater for the health cover business, according to industry experts.

Specialised PSU insurers registered a 5.11 per cent growth at ₹11,676 crore (₹11,108 cr).

Published on April 15, 2026