Life insurers register 33 pc growth in new premium income

| | New Delhi
  • 0

Life insurers register 33 pc growth in new premium income

Friday, 15 March 2019 | PTI | New Delhi

India’s life insurance industry witnessed a rise of 32.7 per cent in its collective new premium income at Rs 18,209.50 crore during February 2019, data from Irdai showed. The life insurers had collected first-time premium worth Rs 13,724.96 crore in same month a year ago.

Insurance behemoth LIC, which has the largest market share of 66.26 per cent, registered a growth of 42.2 per cent in its new year premium at Rs 12,055.81 crore during the month, according to Insurance Regulatory and Development Authority of India (Irdai) data.

The rest of the 23 market players in life insurance business (market share 33.74 per cent) collected premium of Rs 6,153.70 crore from new customers, witnessing a rise of 17.25 per cent from a year ago.

State Editions

Fates of 3 ex-CMs to be decided today

23 May 2019 | Pranav Pratyush | Ranchi

3-day selection process held for NSD aspiring artists

23 May 2019 | Staff Reporter | Bhopal

Wipro visits SiSTec for campus placements

23 May 2019 | Staff Reporter | Bhopal

Unhappy with result, girl ends life

23 May 2019 | Staff Reporter | Bhopal

Sunday Edition

Globe Trotting

19 May 2019 | Agencies | Sunday Pioneer

Left, TMC urge EC to ensure free, fair polling

19 May 2019 | PNS | Sunday Pioneer

Didi’s nephew sends defemation notice to PM

19 May 2019 | Saugar Sengupta | Sunday Pioneer

MoD rejects Vice Admiral Bimal Verma's petition

19 May 2019 | PNS | Sunday Pioneer