Pvt life insurers report 1.5% decline in new premiums

India Infoline News Service | Mumbai |

Private life insurers collected Rs. 49.21 billion as new premiums for the three-months ended June

Life insurance companies collected new premiums of Rs. 192.16 billion for the three-months ended June, as compared to Rs. 194.51 billion in April to June 2012, according to IRDA (Insurance Regulatory and Development Authority) data.

Private life insurers reported a decline of 1.5% and collected Rs. 49.21 billion as new premiums for the period.

Life Insurance Corporation of India (LIC) also reported a marginal fall of 1% in new premiums and collected Rs. 142.95 billion as new premiums.
 

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