Thursday January 29, 02:15 AM
Source: Indian Express Finance
Private Life Insurers Premium Rises 20%
The ongoing slowdown in the economy has hit the performance of many domestic life insurance companies. The statistics for the first nine months (Apr-Dec 2008-09) released by the Insurance Regulatory and Development Authority (IRDA) reveals that the total premium of the 20 private sector life insurance companies at Rs 22,842, has gone up by 20 %, while the total premium of state owned Life Insurance Corporation (LIC) at Rs 29,457 crore, has fallen by 15% during the period.
LIC has earned around Rs 8,000 crore of premium from one of its single premium products 'Jeevan Astha' whose sales was closed in December 21.
3 comments:
jeevan aastha was closed on january 21 and not dec 21. it was launched on december 8 and was open for 45 days. th 8000 crore figure was quoted in the economic times on Dec 19 two days before close. i request you to wait for the official figures on january 31 as declared on IRDA site www.irdaindia.org and then comment.Please do some home before you blog
yup my mistake. It was closed on January 21. thanks friend!!!
well what to say about the SUM of Rs. 8000, people say LIC has collected Rs.27000, while some of them say Rs.45000, what to trust. Even govt. wont disclose the exact amount, still i blog only those figures, which were openly printed in the articles, and they are not my figures. so dont worry, i'll surely add those figures too, which govt. will disclose on its own.
thank you once again friend, you followed my blog, its my pleasure, and yes, this is my first experience in blogging.!!!
b'bye
well this article was taken from yahoo finance, which they took from Indian Express!!!!! the direct link is provided.
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