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General insurance companies have posted a 18.1% rise in premium collection for the the three-months ended June 2013. The non-life insurers collected total premiums of Rs 19,515.18 crore, as compared to Rs 16,519.58 crore collected in April to June 2012.
Private general insurers saw a 25.8% rise in premium collection and contributed Rs 8,732.14 crore to the total premiums. The public general insurance companies, on the other hand, saw a 12.5% growth in total premiums and collected premiums of Rs 10,783.04 crore.
Among the specialised insurance companies, the Agriculture Insurance Company of India saw a 108% rise in premium collection and collected total premiums of Rs 354.38 crore for the first quarter ended June 2013.
