You are here: Home » Finance » News » Insurance

New premiums up 15.5% for life insurers in April-January period

Top insurer LIC posts 15% growth during this period, collects Rs 66,336 cr as new business premium

New business premiums for the life insurance industry saw a 15.5 per cent rise in the April 1 to January 31 period in this financial year. Life insurers collected first year premiums of Rs 95871.62 crore this period as compared to Rs 82969.86 crore in the same period last fiscal.

The country's largest insurer Life Insurance Corporation of India (LIC) saw a growth of 15 per cent in new premiums and collected premiums of Rs 66335.70 crore in April to January period. Private insurers on the other hand collected new premiums of Rs 29535.92 crore for the period compared to Rs 25282.24 crore collected in same period previous fiscal.

Overall, segments like group single premium and individual non-single premium saw a healthy growth rate. Other segments like group non-single and individual single premium saw a de-growth in new premium collection for the industry, Private insurers, on the other hand, reported growth across all these segments in this period.

image
Business Standard
177 22
Business Standard

New premiums up 15.5% for life insurers in April-January period

Top insurer LIC posts 15% growth during this period, collects Rs 66,336 cr as new business premium

BS Reporter  |  Mumbai 

New premiums up 15.5% for life insurers in April-January period

New business premiums for the life insurance industry saw a 15.5 per cent rise in the April 1 to January 31 period in this financial year. Life insurers collected first year premiums of Rs 95871.62 crore this period as compared to Rs 82969.86 crore in the same period last fiscal.

The country's largest insurer Life Insurance Corporation of India (LIC) saw a growth of 15 per cent in new premiums and collected premiums of Rs 66335.70 crore in April to January period. Private insurers on the other hand collected new premiums of Rs 29535.92 crore for the period compared to Rs 25282.24 crore collected in same period previous fiscal.

Overall, segments like group single premium and individual non-single premium saw a healthy growth rate. Other segments like group non-single and individual single premium saw a de-growth in new premium collection for the industry, Private insurers, on the other hand, reported growth across all these segments in this period.

RECOMMENDED FOR YOU

New premiums up 15.5% for life insurers in April-January period

Top insurer LIC posts 15% growth during this period, collects Rs 66,336 cr as new business premium

Top insurer LIC posts 15% growth during this period, collects Rs 66,336 cr as new business premium New business premiums for the life insurance industry saw a 15.5 per cent rise in the April 1 to January 31 period in this financial year. Life insurers collected first year premiums of Rs 95871.62 crore this period as compared to Rs 82969.86 crore in the same period last fiscal.

The country's largest insurer Life Insurance Corporation of India (LIC) saw a growth of 15 per cent in new premiums and collected premiums of Rs 66335.70 crore in April to January period. Private insurers on the other hand collected new premiums of Rs 29535.92 crore for the period compared to Rs 25282.24 crore collected in same period previous fiscal.

Overall, segments like group single premium and individual non-single premium saw a healthy growth rate. Other segments like group non-single and individual single premium saw a de-growth in new premium collection for the industry, Private insurers, on the other hand, reported growth across all these segments in this period.
image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine
Advertisement

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard