Thursday, June 26, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
LIC drags new premium biz down 3% in Dec, private life insurers fare well

LIC drags new premium biz down 3% in Dec, private life insurers fare well

by admin
January 10, 2021
in Insurance
0 0
0
Share on FacebookShare on Twitter



The brand new enterprise premium of life insurance coverage trade contracted by 3 per cent year-on-year to Rs 24,383.42 crore in December.


The brand new enterprise or the first-year premium of 24 life insurance coverage firms was Rs 25,079.89 crore in the identical month of 2019.



The nation’s largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the whole premium generated in the course of the month, confirmed knowledge from the Insurance coverage Regulatory and Growth Authority of India (Irdai).


LIC’s new enterprise premium declined by 15 per cent from Rs 16,861.98 crore in December 2019.


Personal sector comprising of 23 gamers registered a development 22 per cent by incomes new premium of Rs 10.037.72 crore in December, as in comparison with Rs 8217.91 crore within the year-ago interval.


Amongst non-public sector life insurers, Bajaj Allianz Life’s new enterprise rose most by 64.18 per cent to Rs 686.80 crore in December 2020, over Rs 418.32 crore a yr in the past.


Aditya Birla Solar Life reported over 61 per cent enhance in premium assortment to Rs 514.04 crore as towards Rs 318.55 crore, whereas India First posted a 54 per cent rise to Rs 240.10 crore.


Different insurance coverage gamers like ICICI Prudential Life’s new enterprise was at Rs 1,469.45 crore (up 32.11 per cent); HDFC Life Rs 1,910.27 crore (up 27 per cent), and Max Life Rs 768.07 crore (up 21 per cent) in December.


The cumulative new enterprise premium from all of the insurers in the course of the April-December interval of 2020-21 contracted by 1.7 per cent to Rs 1,91,046.39 crore in comparison with Rs 1,94,331.10 crore a yr earlier.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

Expensive Reader,

Enterprise Customary has all the time strived onerous to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the right way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your assist by way of extra subscriptions can assist us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor





Source link

Tags: bizDecdragsfareinsurersLICLifepremiumprivate

Related Posts

Triple-I Blog | JIF 2025: U.S. Policy Changes and Uncertainty Imperil Insurance Affordability
Insurance

Triple-I Blog | JIF 2025: U.S. Policy Changes and Uncertainty Imperil Insurance Affordability

June 25, 2025
Triple-I Blog | Lightning-Related Homeowners ClaimsFell 16.5% in 2024
Insurance

Triple-I Blog | Lightning-Related Homeowners ClaimsFell 16.5% in 2024

June 26, 2025
He keyed her car then began a barrage of messages threatening to ruin her
Insurance

He keyed her car then began a barrage of messages threatening to ruin her

June 25, 2025
Triple-I Blog | JIF 2025: Litigation Trends, Artificial Intelligence Take Center Stage
Insurance

Triple-I Blog | JIF 2025: Litigation Trends, Artificial Intelligence Take Center Stage

June 24, 2025
Fraser Allport Announces: Annuities Gain Ground in Pension Plans as Retirees Seek Lifetime Income Security – Insurance Industry Today
Insurance

Fraser Allport Announces: Annuities Gain Ground in Pension Plans as Retirees Seek Lifetime Income Security – Insurance Industry Today

June 23, 2025
Group achieves most Top Safety Pick designations among automotive manufacturers for second consecutive year.
Insurance

Group achieves most Top Safety Pick designations among automotive manufacturers for second consecutive year.

June 21, 2025
Load More
Next Post
MoHFW to Delhi HC, Auto News, ET Auto

MoHFW to Delhi HC, Auto News, ET Auto

Restoration Abandoned New vs Old Chevrolet Camaro 2020 vs 1968 – Muscle Car Model Cars

Restoration Abandoned New vs Old Chevrolet Camaro 2020 vs 1968 - Muscle Car Model Cars

Categories

  • Auto News (3,383)
  • Automative Reviews (1,910)
  • Car Brands (2,036)
  • Insurance (3,396)
  • Market (1,594)
  • New Cars (2,127)
  • Technology (2,001)
  • Videos (2,113)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • A Deep Dive into Fully Autonomous Driving, ET Auto
  • GWM introduces Tank 500 Vanta to Oz
  • Elektrobit and Foxconn partner to develop AI-based EV software platform, ET Auto
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In