H1 premium mop-up: LIC outshines pvt sector peers

Written by PTI | New Delhi | Updated: Nov 18 2013, 10:41am hrs
State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26% growth in premium collection during the first half of the current fiscal. Several large private sector insurers, including ICICI Prudential, HDFC Standard Life and SBI Life, witnessed a decline in premium collection during the April-September period compared to the year-ago period. The data released by Irda said the performance of a host of small private sector insurers, including Sahara Life, Edelweiss Tokio and Future Generali, has been muted.