Friday, June 1, 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.