Life-News

RM Vishakha, managing director and chief executive officer, IndiaFirst Life Insurance

IndiaFirst Life FY18 net up 46% at Rs 51 cr

Indian News       May 17, 2018

  Mumbai: IndiaFirst Life Insurance today reported 46 percent year-on-year growth in net profit at Rs 51 crore during financial year 2017-18.   The private insurer's net profit stood at Rs 35 crore in financial year 2016-17.   This is the fourth consecutive year of declaring profits for...

LIC's FYP income jumps 13.5% to record Rs 1.34 trillion in FY18

Indian News       Apr 26, 2018

Mumbai: Life Insurance Corporation has registered a 13.46 percent rise in first-year premium (FYP) income, collecting an all-time high income of Rs 1,34,551.68 crore in FY18, and ending the year with a market share of 69.40 percent, the company said today. "The Corporation collected an...

SBI Life's net profit rises 13.33 % to Rs 381.21 cr in q4FY2018

Indian News       Apr 26, 2018

  Mumbai: SBI Life Insurance on Thursday reported 13.44 per cent year-on-year rise in profit at Rs 381.21 crore for the quarter ended March 31. The insurer had posted a profit of Rs 336.05 crore in the corresponding quarter last year.   The life insurer’s profit after...

IDBI Federal Life records 94 pc jump in net profit to Rs 101 cr

Indian News       Apr 25, 2018

  Mumbai: IDBI Federal Life Insurance, amongst the leading life insurance companies in India, has reported a net profit of Rs 101cr during FY18, up 94 pc over FY17.   This is the 6th consecutive year of profits since it first declared profits in FY13.   With renewal...

ICICI Pru Life net declines 17% to Rs 340 cr in March quarter

Indian News       Apr 24, 2018

    Mumbai: ICICI Prudential Life Insurance Copmay on Tuesday reported a 17 percent decline in consolidated net profit at Rs 340.26 crore for the January-March quarter of 2017-18. The ICICI Bank subsidiary had reported a net profit of Rs 408.24 crore in the same quarter of...

Life insurance industry’s new prm income up 11% to Rs 1,94 trn in FY18, growth slows down

Indian News       Apr 21, 2018

Mumabi: Led by the state owned Life Insurance Corporation (LIC), Indian life insurance industry, with 24 players.at almost Rs 1,94 crore, has just managed to a post a double digit growth of 11 percent in its first year premiums for the financial year 2017-18 (FY18).  ...

Amitav Chaudhry, MD & CEO, HDFC Life .

With 32 pc growth in new business, HDFC Life's net profit rises by 24 pc to Rs 11.1 bn in 2017-18

Indian News       Apr 18, 2018

Mumbai: HDFC Life, which has seen its total premium growing by 21 per cent to Rs 235.6 billion,has recorded a 24 per cent jump in its profit after Tax (PAT) to Rs11.1 billion during 2017-18.   The company's insurance profit (policyholder surplus) comprised of 76 per...

IndiaFirst Life Insurance sees 43% jump in APE over last year

Indian News       Apr 12, 2018

  Mumbai: IndiaFirst Life Insurance today said it has witnessed 43 percent jump in individual annual premium equivalent (APE) on a year-on-year basis, with a new retail premium collection of Rs 575 crore by the end of fiscal 2018.   "We have registered a registered a year-on-year...

Sanjeev Nautiyal,,newly appointed MD & CEO of SBI Life

``For acquisition,we will look at opportunities which are good in pricing’’

Interviews       Apr 04, 2018

  How do you see the Indian life insurance sector? I see the Indian life insurance sector quite positively. See, the country’s life insurance sector is under- penetrated at the moment. If things like industrialisation, financialisation and urbanisation grow, the life insurance will also grow.   And...

LIC exceeds target in individual segment, piles up Rs 5 trn of assets in FY 2017-18

Indian News       Mar 23, 2018

Mumbai: It may be `acche din’ for the state owned Life Insurance Corporation (LIC). The corporation which was constantly losing its market share a few years back, has Improved  its performance by not only exceeding its premium target for 2017-18 in individual segment, second time...

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