Life insurers bet on guaranteed-return products
Private life insurers are seeing good opportunity in guaranteed income products. These products bundle life insurance coverage with benefits of Read more
Private life insurers
Life Insurance: Premium collections of private life insurers’ up 15%
Life insurers reported 14% year-on-year (y-o-y) growth in individual annualised premium equivalent (APE) in October 2020 compared to 4% y-o-y Read more
Private Life insurers’ premium collections up 10 per cent
Individual annual premium equivalent (APE) growth for life insurance companies in private sector was at 10% in January 2019 translating Read more
Life insurance industry’s profit doubles to Rs 5,974 cr
Even as premium income fell, the life insurance industry’s net profit more than doubled during 2011-12, at Rs 5,974 crore, against Rs 2,657 crore the previous year. Of the 24 life insurers in business during the last financial year, 14 reported profits, according to the Insurance Regulatory and Development Authority’s annual report for 2011-12. Read more
Private life insurers see drop in premium
After reporting moderate growth over the past few months, the premium collected by private life insurance companies declined 9% year-on-year (y-o-y ) in September. The poor show impacted the performance of private insurers during the first half of the current financial year.
The premium mobilized by private players dropped 2% yo-y to Rs 7,095 crore in April-September, data showed. Public sector behemoth LIC saved the day for the industry recording a robust 24% y-o-y growth in premium collections to Rs 15,532.7 crore during the period. Read more