New India Assurance own-damage motor insurance premium growth rate FY 2015-2020

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2020, the public sector insurance company New India Assurance recorded a decline by 6.4 percent in insurance premiums for its motor own damage segment. This was a significant decrease compared to the previous years. However, the company had the highest market share in gross weighted premiums across the country since financial year 2015.

Change rate of New India Assurance own-damage motor insurance premiums across India from financial year 2015 to 2020

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Release date

March 2020

Region

India

Survey time period

FY 2015 to FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020

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