India’s non-life insurance sector grew about 9% to 9.3% in FY26, with reports pointing to the GST exemption on individual health insurance as a key tailwind.
India’s non-life insurance sector reported premium growth of about 9% to 9.3% in FY26, according to new industry reporting on Thursday.
Business Standard reported that non-life insurers logged 9.3% growth in the year, while The Financial Express said general insurance premium income rose 9% to about ₹3.36 lakh crore.
Both reports pointed to stronger health insurance demand after the GST Council exempted GST on all individual health insurance policies, including reinsurance, at its September 3, 2025 meeting.
The tax relief has been one of the clearest policy supports for the sector this year, with market coverage saying it helped lift retail demand.
The latest figures show the non-life market finishing FY26 with steady growth, even as different publications rounded the final sector number differently.
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