Life insurance premium collection up 10.78% to Rs 36,729 Cr in Q1
Hyderabad: Life insurance premium collections grew by 10.78 per cent during the first quarter of the current fiscal to Rs 36,729.79 crore against Rs 33,156.16 crore during the same quarter last year, according to figures released by insurance regulator IRDAI today.
State-owned LIC's premium collections grew by 6.2 per cent to Rs 24,727.97 crore during quarter under discussion.
It was Rs 23,284.10 crore in April-June quarter in FY 17.
The PSU enjoyed 67.32 per cent market share in the life insurance segment followed by HDFC Standard Life with 7. 29 per cent.
The total premium collection by the private players stood at Rs 12,001.82 crore in the first quarter with 21.57 per cent growth.
Individual single premium grew by 7.72 per cent in the first quarter to Rs 4,954.79 crore while group non-single premium declined by 54.88 per cent to Rs 259.54 crore.
US space agency NASA is preparing to launch a probe in August to study the Sun closer than any human-made object ever has, revealing multiple mysteries behind the star.
Pakistan Tehreek-e-Insaf (PTI) candidate Sardar Ikramullah Gandapur has been killed after a suicide bomber targetted his vehicle in DI Khan's Kulachi Tehsil, officials said.
The last session of the G20's Third Meeting of Finance Ministers and Central Bank Governors has taken place here, with delegates acknowledging the rise in trade tensions while calling for greater dialogue.
Israel has struck a Syrian position in Mesyaf area in the country's central region, the media reported.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.