Non-Life insurance premium increases 33%
The total premium accumulated by the non-life insurance companies in February 2017 increased 33% to Rs. 10,288 crore from Read more
NON LIFE INSURANCE
Insurance industry to grow below 5 pc in FY’14: CII
The growth rate of Indian insurance industry is likely to be less than 5 per cent in the current fiscal, according to industry chamber CII.
New India Assurance targets net profit of Rs600 cr this fiscal
The largest general insurer New India Assurance has targeted a net profit of Rs 600 crore this fiscal and planned expansion of its foreign operations in 2013-14. Read more
Provide an impetus to the non-life insurance industry
Joydeep Roy, CEO of L&T General Insurance, says non-life insurance penetration as well as per capita insurance premium is very low and the industry has a very high potential to grow. Read more
Non-life insurers request IRDA to relax total expenses limit
Non-life insurers have requested IRDA (Insurance Regulatory and Development Authority) to relax the limit on their total expenses to expand their business operations, according to media reports. Read more
Current competitive era of non-life insurance market heading towards chaos and confusion
Now the Non-life insurance sector have almost completed about seven years since privatization of insurance. The non-life insurance market is passing through a serious crisis due to stiff competition. Read more