ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Atal Pension Yojana rule change: Big setback for taxpayers - know how it will impact your savings
  • Home loans, EMIs to get more expensive: Now, this PSU bank hikes interest rates by .20%
  • Mask mandatory in Delhi as Covid-19 cases rise again: Check new rules and penalty
  • US inflation data: Break on 40-year peak, global markets rally - key highlights
  • Microsoft layoffs 2022: IT giant sacks around 200 more employees as recession fears rise
Read in App
Business News » Companies News

Life insurers' new premium in May jumps 43% to Rs 18,414 cr; Apr-May collection rises 41 pc

LIC registered a jump of 46.6 per cent in its first year premium in May 2019 to Rs 13,496.68 crore. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Life insurers' new premium in May jumps 43% to Rs 18,414 cr; Apr-May collection rises 41 pc
LIC registered 38.4 per cent growth in its April-May new premium income at Rs 18,764.63 crore, said IRDAI data. Representational Image, source: Reuters

Life insurers' collective new premium income grew by over 43 per cent to Rs 18,414.02 crore in the second month of the current fiscal, according to Irdai data, which added that all the 24 life insurance companies collected new business premium of Rs 12,838.24 crore in May 2018. Notably, the report was based on the basis of data submitted by Insurance companies.

Accordingly, the country's largest life insurer LIC registered a jump of 46.6 per cent in its first year premium in May 2019 to Rs 13,496.68 crore. LIC registered 38.4 per cent growth in its April-May new premium income at Rs 18,764.63 crore, said IRDAI data.

The rest of 23 private sector life insurance companies had new premium collection of Rs 4,917.34 crore during the month, up by 35.3 per cent from the year-ago period, as per the Insurance Regulatory and Development Authority of India (Irdai) data.

Cumulatively the new premium collected by all the insurers during April-May of 2019-20 rose by 41.2 per cent year-on-year to Rs 28,395.90 crore.

The rest of private sector players had cumulative first year premium of Rs 9,631.27 crore in April-May this fiscal, representing a jump of 47 per cent from a year ago. 

(PTI Inputs)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
LIC premium incomeIRDAI
Written By: ZeeBiz WebTeam
Updated: Thu, Jun 13, 2019
08:28 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
LIC policy-holders can get these benefits if they pay the premium by this process - Check details here LIC policy-holders can get these benefits if they pay the premium by this process - Check details here
LIC's total assets cross Rs 27 lakh crore in 1HFY18 LIC's total assets cross Rs 27 lakh crore in 1HFY18

LATEST NEWS

NDA exam hall ticket, admit card 2022 released: Steps to download from direct link and check exam date

WhatsApp: Hide online status from anyone on WhatsApp - Check step-by-step guide

Raksha Bandhan 2022 correct date, best time; Rakhi Shubh Muhurat in India - Know inauspicious Bhadra, what to avoid as per Hindu calendar

Indian Air Force IAF Agniveer result 2022 declared on agnipathvayu.cdac.in | Direct link to download result

7th Pay Commission Central government employees latest news: DA formula changed – know how it will impact your salary

Policybazaar system vulnerabilities exposed customers' personal details, says this report

Foreign investors show confidence in Indian equity market, buy stocks worth over Rs 12,000 crore in just 10 days

TN MRB Pharmacist Recruitment 2022 notification released for 889 vacancies, exam date, education qualification, salary - know how to apply

Jagdeep Dhankhar takes oath as 14th Vice President of India

Rakesh Jhunjhunwala stock: Tata Group company's share price hits new high after strong Q1 results – Brokerage recommend Buy, check price target

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV