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Life insurance industry’s new prm grows 11 % to Rs2,14,672 cr in 2018-19, Private sector gains market share
23 private players have mobilised a total premium of Rs72,461 crore, registering a growth of 22 per cent . However, in terms of policies, at 72,54,556,these players have just recorded a growth of 5.74per cent.With a markert share of almost 7 percent , the listed HDFC Life has emerged as the largest private sector players and second largest life insurance player in the country.
SBI Gen Insurance launches Cyber Defence insurance
SBIG’s Cyber Defense Insurance offers both first & third-party coverage benefits including coverage options for Contingent Business Interruption, System Failure, Reputational Loss, Multimedia Liability and Computer Crime. The crisis response service that comes with this product enables swift and efficient management of cyber events and provides IT forensic investigations, legal advice, reputational and PR management.
Deposits in Jan Dhan accounts fast inching towards Rs 1 lakh crore mark
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households.Enthused by the success of the scheme, the government enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018.The overdraft limit was also doubled to Rs 10,000.
ICICI General insurance net at Rs 228 cr , up 7.5 %,in Q4 FY 2018-19
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