SME Times is powered by   
Search News
Just in:   • Google kills feature to book Uber rides through Maps  • Microsoft buys student video discussion platform Flipgrid  • Macro data relief!  • Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank  • Biggest loan waiver scheme for farmers in Rajasthan: Raje 
Last updated: 14 Nov, 2017  

Rupee.9.Thmb.jpg Life insurers log over 13K cr premium in Oct

   Top Stories
» Govt to spend $1 bn to boost services exports: Prabhu
» Govt releases report on pharma exports to China
» Kovind in Greece, calls for higher bilateral trade
» 'NIFTEM has potential to become Harvard of food processing sector'
» Modi hints at more steps to push growth to double digit
SME Times News Bureau | 14 Nov, 2017
Indian life insurance industry closed October logging good growth with a total new premium of Rs 13,874.34 crore, said the sectoral regulator on Monday.

According to the Insurance Regulatory and Development Authority of India (IRDAI), the fresh premium earned by the life insurers in October this year was up from Rs 11,107.04 crore earned in October 2016.

The IRDAI said the industry has earned a fresh premium of Rs 105,939.70 crore till October, up from Rs 87,343.19 crore earned during the corresponding period of the previous year.

Industry leader Life Insurance Corporation of India (LIC) and most of the private life insurers have logged premium growth in October as compared to the corresponding period in 2016.

In terms of number of policies till October 2017, LIC sold 1,433,711 policies to earn a fresh premium of Rs 77,977.72 crore -- up from 1,256,423 policies sold during the corresponding period of 2016 to earn a premium of Rs 62,735.01 crore.

On the other hand, the 23 private life insurers together sold 463,145 policies till October 2017 to earn a total premium of Rs 27,961.98 crore -- up from 426,676 policies sold during the corresponding period of 2016 to earn a premium of Rs 24,608.18 crore.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 19 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(27)
» RBI eases NPA norms for MSMEs(1)
» Modi interacts with Digital India beneficiaries(1)
» Modi interacts with young innovators, start-up entrepreneurs(1)
» Exports to China up 40 percent in 2017(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter