Money & Banking

Life insurance premium down 17% up to Dec 2011

G. Naga Sridhar Hyderabad | Updated on March 12, 2018 Published on January 25, 2012

The first year premium of life insurers has decreased 17 per cent at Rs 71,952 crore up to December 31, 2011 compared with Rs 86,697 crore in the year-ago period.

The decline in the business of private insurers was higher at 20 per cent compared to the State insurer, Life Insurance Corporation of India, which suffered a 15 per cent dip in the first-year premium.

In the non-life segment, the gross premium underwritten grew by 24 per cent at Rs 42,023 crore during April-December 2011 as against Rs 33,889 crore in the corresponding quarter of previous financial year, according to flash figures released by the Insurance Regulatory and Development Authority.

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Published on January 25, 2012
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