Monday, April 26, 2010

25.46% Growth in New Business of Life insurance industry during 2009-10

25.46% Growth in New Business of Life insurance industry during 2009-10.

The life insurance industry recorded 25.46 per cent increase to touch Rs 1,09,290 crores during the year 2009-10


Private players registered 12.43 per cent growth in the new business premium while state-owned Life Insurance Corporation of India (LIC) posted 33.87 per cent increase in new business income during the year.


SBI Life has emerged the largest private sector insurer in terms of new business premium by overtaking ICICI Prudential.Incidentally this was the year when Shika Sharma left ICICI Pru.

No comments:

Post a Comment