Friday, June 1, 2012

Life Insurance Premium of Private Insurers comes down by 16% during April 2012

Life Insurance Premium of Private Insurers comes down by 16% during April 2012

Figures released by  IRDA for the  month of April 2012 are disappointing as new premium by Private Life Insurers has come down to Rs 1125 crores ( Vs Rs 1345 crores in April 2011). This is 16% lower.  Considering inflation in the country @ 10% we find that performance is really disappointing. Let us hope for some corrective steps. - these are needed.

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