India non-life sector sees strong rebound in September

Market dynamics and segment performance

Public sector general insurers continued their upward trajectory, supported by consistent renewals in fire, engineering, health, and motor third-party lines, the report said. However, the adoption of the 1/n rule has tempered overall growth rates. Private non-life insurers, including standalone health insurers (SAHIs), maintained market dominance with a 60% share in September 2025 – down from 66% a year earlier. Year-to-date, private players held 63.8% of the market, while public sector insurers improved their share to 31.7%, reflecting a gradual strengthening of their competitive position.