Premium collected by life insurance companies dropped 3.45 per cent in the April-October period due to various factors that are influencing the financial sector as a whole.
As per the data released by the Insurance Regulatory and Development Authority of India (Irda), premiums collected by 23 private sector companies and lone state-owned LIC totaled Rs 53,814.09 crore during the period.
They together had collected Rs 55,737.84 crore in the April-October 2011 period. India's largest life insurer LIC reported a drop of 2.88 per cent in its premium collection, while the decline in private companies was 5.07 per cent.
LIC's premium collection stood at Rs 40,069.84 crore in April-October as against Rs 41,259 crore in the year-ago period.
Private insurers netted Rs 13,744.25 crore as against Rs 14,479 crore in the corresponding period of 2011-12. Life insurance companies collect premium under four segments -- individual single, individual non-single, group single and group non-single.
Reliance Life's premium collection dropped by 14.78 per cent, that of ICICI Prudential by about 6.9 per cent and of HDFC Standard Life by approximately 5 per cent.
Last week, the Finance Ministry had said in Parliament that the reasons for a negative growth in the premium collections are various factors that are influencing the financial sector as a whole.
As per the data released by the Insurance Regulatory and Development Authority of India (Irda), premiums collected by 23 private sector companies and lone state-owned LIC totaled Rs 53,814.09 crore during the period.
They together had collected Rs 55,737.84 crore in the April-October 2011 period. India's largest life insurer LIC reported a drop of 2.88 per cent in its premium collection, while the decline in private companies was 5.07 per cent.
LIC's premium collection stood at Rs 40,069.84 crore in April-October as against Rs 41,259 crore in the year-ago period.
Private insurers netted Rs 13,744.25 crore as against Rs 14,479 crore in the corresponding period of 2011-12. Life insurance companies collect premium under four segments -- individual single, individual non-single, group single and group non-single.
Reliance Life's premium collection dropped by 14.78 per cent, that of ICICI Prudential by about 6.9 per cent and of HDFC Standard Life by approximately 5 per cent.
Last week, the Finance Ministry had said in Parliament that the reasons for a negative growth in the premium collections are various factors that are influencing the financial sector as a whole.
Anda sedang membaca artikel tentang
Life insurer's premium mop-up drop 3.45 pc in Apr-Oct: Irda
Dengan url
http://gayafashionshow.blogspot.com/2012/11/life-insurers-premium-mop-up-drop-345.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Life insurer's premium mop-up drop 3.45 pc in Apr-Oct: Irda
namun jangan lupa untuk meletakkan link
Life insurer's premium mop-up drop 3.45 pc in Apr-Oct: Irda
sebagai sumbernya
0 komentar:
Posting Komentar