New India Assurance Co. Ltd. reported a sharp sequential decline in its August general insurance premium. According to provisional data, the company’s premium fell by 47% month-on-month (MoM), effectively halving compared to July levels.
The steep drop highlights volatility in monthly collections, even as insurers typically see fluctuations based on renewals, seasonal demand, and large institutional contracts.
Further details on year-on-year (YoY) performance, segmental trends, and management commentary are awaited.
This is a developing story and will be updated once more information is available.
