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General Insurance and Life Insurance Policy in the Fourth Quarter

General Insurance and Life Insurance Policy in the Fourth Quarter

“Insurance Regulatory and Development Authority (IRDA) shows the decline in life insurance in the fourth quarter. The definition was found in the collection of the life insurance premium, about 6%”

Insurance Regulatory and Development Authority (IRDA) shows the decline in life insurance in the fourth quarter. The definition was found in the collection of the life insurance premium, about 6%.

http://www.cheaplife.pannipa.com/2009/10/general-insurance-and-life-insurance-policy-in-the-fourth-quarter/

The main players in the field of Life Insurance Corporation (LIC), who constitute about 60% to 63% has fallen about 10%. According to officials it is said that sales of new strategies and collection of old policy premium fell dramatically thisYear.

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The fourth quarter new policy premium collection is Rs 34,814.55 crore against Rs 39,413.16 crore last year. With the data assumed that for the full year amount for life collecting Rs 87,107.62 crore against Rs 92,988.71 crore to the previous fiscal years.

In fiscal 2008, Bajaj Allianz has reported that the General crore in its insurance premium revenue Rs 2578, the relatively by 43% with the previous fiscal yearYear. In the fourth quarter of 2008/09, the company has premium income of Rs 733.53 crore against Rs 573.73 crore in the previous year collected. The growth is about 28%.

This year, Insurance Regulatory and Development Authority (IRDA) data showed that all public and private insurance companies has earned premium growth in the Rs 30,601 crore against Rs 28,052 crore last year.

ICICI Lombard, Bajaj Allianz, Bharti AXA General and Shriram General, are the major players in the RuleInsurance industry, have reported the growth this year.

In the fourth quarter of this year, only loss in the LIC and Reliance Life Insurance is the loss in the general insurance sector

Go http://www.cheaplife.pannipa.com/2009/10/general-insurance-and-life-insurance-policy-in-the-fourth-quarter/

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