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Life insurers' new premium income in Sept up 15% at Rs 20,057 cr

LIC, the largest life insurer, recorded a 18.37% rise in its new premium during the month at Rs 12,759.24 crore as against Rs 10,778.81 crore in the same month a year earlier.

PTI|
Oct 13, 2019, 03.20 PM IST
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Agencies
Insurance-Agencies
Cumulatively, insurance premium of all 24 players grew 35.11% during April-September period of the current fiscal to Rs 1,25,758.11 crore.
The new premium income of life insurers rose 15 per cent to Rs 20,056.70 crore in September, data from Irdai showed. All 24 life insurance companies had a collective new business premium income of Rs 17,490.68 crore in September 2018.

The state-owned Life Insurance Corporation (LIC), the largest life insurer, recorded a 18.37 per cent rise in its new premium during the month at Rs 12,759.24 crore as against Rs 10,778.81 crore in the same month a year earlier, the data showed.

The rest of the private sector players had a total new premium income of Rs 7,297.46 crore during the month, an increase of nearly 9 per cent from a year ago, the data on monthly business figures released by the Insurance Regulatory and Development Authority of India (Irdai) showed.

Cumulatively, insurance premium of all 24 players grew 35.11 per cent during April-September period of the current fiscal to Rs 1,25,758.11 crore. The new premium collected by LIC in the first six months of 2019-20 jumped 42 per cent to Rs 89,980.22 crore. For the rest of private sector players, the cumulative premium till September rose by 21 per cent to Rs 35,777.89 crore.

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ICICI Lombard reports 8% fall in gross direct premium income

Non-life insurers register 17% rise in Aug new premium income at Rs 15,964 cr

Bharti AXA General premium income surges 29% to Rs 2,285 cr in FY19

Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

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