LIC premium goes up by 60 percent

By SiliconIndia   |   Friday, May 28, 2010   |    3 Comments
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New Delhi: Life Insurance Corporation (LIC), a public sector insurer, has showed a 60 percent growth in April 2010 compared with the same month a year ago. It is almost doubled to Rs. 4,173 crore in April 2010 compared with Rs. 2,113 crore a year ago, reports Dipak Mondal for Financial Chronicle. While ICICI Prudential Life Insurance registered a 124 percent growth in new premium collection from Rs. 134 crore in April 2009 to Rs. 304 crore in April 2010, SBI Life saw a 60 percent drop in premium collection. HDFC Standard Life saw a healthy 65 percent growth in premium from Rs. 99 crore in April 2009 to Rs. 163 crore in April 2010. On the other hand, Bajaj Allianz's new premium collection remained static in April compared with the same period a year ago. During the period, public sector general insurers' premium collection has gone up to 20 percent against 15.41 percent growth registered by private general insurers.
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Reader's comments(3)
1: So far LIC is customer-centric and thriving on advancement of technology, no private player can overtake LIC. What it really needs now is the infusion of young blood into the organization to serve the customers in a better way. Wait and see what happens next ?
Posted by:Raj - 30 May, 2010
2: good news for LIC. shows that people still rely on public insurers more than private insurers.
Posted by:aniket - 28 May, 2010
People also still rely on Private insurers..see another incresing figures.
parag vadake Replied to: aniket - 28 May, 2010
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