Life insurance industry has seen a marginal increase in new premium
collection for the month and period ended April 2013. As per the monthly
data from Insurance Regulatory and Development Authority ( Irda), life
insurers collected total premiums of ₹ 4965.37 crore for April, seeing
a 0.57 per cent rise over same period last year. Interestingly, while
private insurers saw a 18.5 per cent rise in overall new premium
collection, Life Insurance Corporation of India ( LIC) saw a 4.7 per cent
fall.
Private life insurance industry collected new premiums of ₹ 1333.67 crore for the period in individual and group segments. LIC on the other hand, collected new premiums of ₹ 3,631.72 crore for April 2013 as compared to ₹ 3,811.72 crore in April 2012. On the general insurance side, non- life insurance companies saw a 22.01 per cent rise in premium collection for April 2013. General insurance companies collected premiums of ₹ 7,890.40 crore for the period, as against ₹ 6,467 crore in April 2012.
Public general insurers contributed ₹ 4245.52 crore to the kitty, seeing a 15.1 per cent rise over same period previous year. Private general insurers contributed ₹ 3644.89 crore and saw a 31.1 per cent rise in premium collection over same period last year.
source: BS
Private life insurance industry collected new premiums of ₹ 1333.67 crore for the period in individual and group segments. LIC on the other hand, collected new premiums of ₹ 3,631.72 crore for April 2013 as compared to ₹ 3,811.72 crore in April 2012. On the general insurance side, non- life insurance companies saw a 22.01 per cent rise in premium collection for April 2013. General insurance companies collected premiums of ₹ 7,890.40 crore for the period, as against ₹ 6,467 crore in April 2012.
Public general insurers contributed ₹ 4245.52 crore to the kitty, seeing a 15.1 per cent rise over same period previous year. Private general insurers contributed ₹ 3644.89 crore and saw a 31.1 per cent rise in premium collection over same period last year.
source: BS