NEW DELHI: Non-life insurance premium increased 8.1 percent year-on-year to Rs 6,118.11 crore in May 2014, data from Insurance Regulatory and Development Authority shows.

Of the total premium collected by non-life insurers during May, 55.3 percent was contributed by public sector entities at Rs 3,381.86 crore, while rest 44.7 percent came from private sector companies.

Among the six public sector non-life insurance companies, New India Life Insurance collected premium of Rs 886.06 crore in May; National Insurance Company Rs 867.79 crore; United India Rs 870.50 crore; Oriental Insurance Rs 615.52 crore.

Export Credit Guarantee Corporation Rs 102.41 crore and AIC collected Rs 39.58 crore premium.

Among the private players, non-life insurance premium mopped up by Reliance General increased by 10.9 per cent from a year ago to Rs 220.37 crore; IFFCO-Tokio Rs 234.78 crore; ICICI-Lombard Rs 516.46 crore and Bajaj Allianz Rs 356.97 crore.

HDFC ERGO General's premium income stood at Rs 201.65 crore during the month; Bharti AXA General Rs 121.85 crore and SBI General Rs 102.21 crore.

During the first two months of 2014-15, the total premium collected by non-life insurance firms rose by 7.28 percent to Rs 14,539.55 crore.

Premium collected by public sector insurers during April-May rose by 8.2 percent to Rs 7,984.37 crore and that of private companies by 6.19 per cent to Rs 6,555.17 crore.

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