Life insurers record positive AUM growth in FY12

India Infoline News Service | Mumbai |

The AUM of HDFC Life Insurance zoomed 24% to Rs. 401.08 billion during 2012-13 from Rs. 322.54 billion in 2011-12

Assets under management (AUM) of six private life insurers increased 8% to Rs 2.4 trillion in 2012-13 from Rs. 2.22 trillion in 2011-12, according to a media report.

ICICI Prudential Life Insurance’s first year premium rose 14% to Rs. 41.84 billion during 2012-13 against Rs. 36.45 billion in 2011-12. On the other hand, its renewal premium growth was -8.9% at Rs. 87.3 billion during 2012-13 compared with Rs. 95.8 billion during 2011-12, the report added.

During the period under review, ICICI Prudential’s total premium declined 3.4% to Rs. 135.38 billion from Rs. 140.22 billion.

The AUM of SBI Life Insurance increased 11.7% to Rs. 500.47 billion for 2012-13 compared with Rs. 447.78 billion in 2011-12.

The AUM of HDFC Life Insurance zoomed 24% to Rs. 401.08 billion during 2012-13 from Rs. 322.54 billion in 2011-12.

Max Life Insurance’s AUM rose 19% to Rs. 204.58 billion during 2012-13 from Rs 172.15 billion in the previous year.

Bajaj Allianz Life Insurance’s AUM fell 3.5% to Rs. 380.03 billion during 2012-13, compared with Rs. 394.17 billion in 2011-12.

Reliance Life Insurance registered a negative growth of 3% in its AUM to Rs. 181.89 billion during 2012-13 compared with Rs. 187.67 billion in 2011-12.







 

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