Life insurers' premium growth doubles in first quarter, says Irdai

Private life insurance players have experienced 21.6% growth in their premiums, year on year, at the end of the first quarter of 2018-19

Premium growth of life insurance players has doubled for the first quarter of this financial year (FY2019), according to data released by the Insurance Regulatory and Development Authority of India (Irdai).

The growth rate in premium revenue for life insurers in the first quarter of 2018-19 touched 10.8 per cent, year on year, compared to an annual premium growth rate of 5.6 per cent in the first quarter of 2017-18.

Analysts said private insurers reported soft growth in premiums, in terms of individual annual premium equivalent (APE) for the first quarter of 2018-19.

Private life insurance players have experienced 21.6 per cent growth