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New premium collection of life insurers rose by over 51 per cent
Posted on: 03/Jun/2016 3:25:41 PM
The new premium collection of life insurers rose by over 51 per cent to Rs 7,972.54 crore in April this year. This was Rs 3,265.3 crore in April 2015. Of the total 24 life insurers, the private sector companies registered a rise of 24.2 per cent to Rs 2,094.59 crore in first month of the 2016-17 fiscal. Last year it was Rs 1,686.33 Crores.
LIC posted a rise of 64 per cent in new business premium at Rs 5,877.95 crore during the month.
Other private insurance companies’ new premium collection was between 8 percent and 20 percent.
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