1. Ulips drive private players’ growth

Ulips drive private players’ growth

Private life insurers reported a 24% growth in individual annualised premium in July as unit-linked products continue to drive premium volumes.

By: | Updated: September 4, 2015 5:36 AM

Private life insurers reported a 24% growth in individual annualised premium in July as unit-linked products continue to drive premium volumes. Insurers focused on Ulips are growing at a faster clip than others. State-owned Life Insurance Corporation of India reported an 18% decline in individual annualised premium. However, it recently launched a linked-product, which could drive its market share in the next few months. Category-wise, single premium accounts for 30% of the business for private sector.

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Tags: LIC
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