India's non-life insurance companies registered a 7.2 per cent rise in their combined new premium collection at ₹17,225.75 crore in January this fiscal, Irdai data showed.

The 35 insurers' gross premium collection stood at ₹16,076.28 crore in the same month a year ago.

Among these, the 25 general insurance providers had a collective premium of ₹14,643.26 crore during the month, up 2.2 per cent from the same period of 2019, as per the Insurance Regulatory and Development Authority of India's (Irdai) data.

The seven stand-alone private sector non-life insurers registered a 28 per cent jump in their collective premium income at ₹1,530.75 crore in January.

The rest of the specialised PSU insurers -- Agricultural Insurance Company of India and ECGC Ltd -- reported 92 per cent spurt in total premium at ₹1,051.73 crore during the month.

Cumulatively, the premium during April-January of this fiscal for non-life insurance companies rose 14.52 per cent to ₹1.59 lakh crore.