ICICI Pru's premium collection rises 7% in Apr-Oct
Quotes

ICICI Pru's premium collection rises 7% in Apr-Oct

Last Updated: Tuesday, November 27, 2012, 21:20
 
 Comment 0
 
ICICI Pru's premium collection rises 7% in Apr-Oct
New Delhi: Bucking the industry trend, ICICI Prudential Life Insurance has reported 7 percent increase in premium collection in the April-October period.

ICICI Prudential premium collection, which is a reflection on the performance of the company, has gone up to Rs 2,365 crore during the April-October 2012, as compared to Rs 2,210 crore in the corresponding period last year.

The life insurance industry as a whole, including market leader like LIC, have shown decline in premium collection during the first seven months of the fiscal.

As per the data released by the Insurance Regulatory and Development Authority of India (IRDA), total premium collected by the 24 life insurance companies have declined by 3.45 percent to Rs 53,814.09 crore during the period.

They together had collected Rs 55,737.84 crore in the April-October 2011 period.

India's largest life insurer LIC reported a drop of 2.88 percent in its premium collection, while the decline in private companies worked out to be 5.07 percent.

Among the companies which reported better premium collection include Bajaj Allianz, ING Life and Met Life Insurance.

PTI


First Published: Tuesday, November 27, 2012, 21:20


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved