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With government support, insurance sector makes a good show in 2016

The non-life sector is expected to reap a bumper premium harvest of around Rs 18,000 crore from the PMFBY

IANS  |  Chennai 

The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance buying L&T General Insurance for Rs 551 crore ($81 million), while HDFC Standard Life is waiting for regulatory approvals for the acquisition of Max Life Insurance. During the year, foreign partners of some insurance companies increased ...

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With government support, insurance sector makes a good show in 2016

The non-life sector is expected to reap a bumper premium harvest of around Rs 18,000 crore from the PMFBY

The non-life sector is expected to reap a bumper premium harvest of around Rs 18,000 crore from the PMFBY The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance buying L&T General Insurance for Rs 551 crore ($81 million), while HDFC Standard Life is waiting for regulatory approvals for the acquisition of Max Life Insurance. During the year, foreign partners of some insurance companies increased ... image
Business Standard
177 22

With government support, insurance sector makes a good show in 2016

The non-life sector is expected to reap a bumper premium harvest of around Rs 18,000 crore from the PMFBY

The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance buying L&T General Insurance for Rs 551 crore ($81 million), while HDFC Standard Life is waiting for regulatory approvals for the acquisition of Max Life Insurance. During the year, foreign partners of some insurance companies increased ...

image
Business Standard
177 22