by AIP Online Bureau | Jan 10, 2019 | Indian News, Life
Hyderabad: The benefits paid on account of surrenders / withdrawals increased at Rs 99,265 crore in the Indian life insurance industry , of which state owned Life Insurance Corporation(LIC) accounted for Rs 51677.91 crore and private sector Rs...
by AIP Online Bureau | Jan 10, 2019 | Indian News, Life
Hyderabad: On the basis of total premium income, the market shares of Life Insurance Corporation ( LIC) decreased from 71.81 percent in 2016-17 to 69.36 percent in 2017-18. The market share of private insurers has increased from 28.19 percent in 2016-17 to...
by AIP Online Bureau | Jan 9, 2019 | Indian News, Non-Life, Reinsurance
Mumbai: The Indian Market Terrorism Risk Insurance Pool’s premium income has increased by 10 per cent in 2017-18 to Rs 516.18 crore as against Rs 503.67 crore in 2016-17. T he claims paid by the Pool during 2017-18...
by AIP Online Bureau | Jan 9, 2019 | Indian News, Reinsurance
Mumbai: Nine newly set up foreign reinsurance branches(FRBs) in their first full year of operations have mobilsed Rs 6216 crore of premium in 2017-18. Out of which, Swiss Re, the second largest global reinsurer has the largest share...
by AIP Online Bureau | Jan 9, 2019 | Eco/Invest/Demography, Indian News, Non-Life
Beed(Mahashtra): Quoting a book, Shiv Sena chief Uddhav Thackeray on Wednesday said the Centre's crop insurance scheme was "as big a scam" as the Rafale fighter jet deal. Taking a dig at Prime Minister Narendra Modi's frequent foreign tours,...
