1. LIC outpaced by private peers in Apr-Dec

LIC outpaced by private peers in Apr-Dec

State-run Life Insurance Corporation (LIC) saw slower growth in the April to December period than players in the private sector, reports fe Bureau in Mumbai

By: | New Delhi | Updated: January 16, 2016 1:30 AM
State-run Life Insurance Corporation (LIC) saw slower growth in the April to December period than players in the private sector, reports fe Bureau in Mumbai

State-run Life Insurance Corporation (LIC) saw slower growth in the April to December period than players in the private sector, reports fe Bureau in Mumbai

State-run Life Insurance Corporation (LIC) saw slower growth in the April to December period than players in the private sector, reports fe Bureau in Mumbai. Research from Kotak Institutional Equities shows private players reported 14% growth year-on-year to R15,174 crore in the annualised premium equivalent (APE) while LIC’s APE grew at 4% y-o-y to R17,317.6 crore. Business was particularly dull in December with both private insurers as well as LIC not faring too well.

The APE of the insurance industry grew at just 4% y-o-y to Rs 4,889.7 crore.

Industry experts said weak capital markets has translated into a slowdown for the unit-linked segment of policies. The average policy size in the individual segment for players such as ICICI Prudential Life and HDFC Life has dropped. However, the smaller business volumes may be offset by higher margin business or lower expense overruns as a consequence of declining share of unit-linked policies, experts feel. Over the past couple of months LIC has taken several initiatives such as mobilising agents who had stopped selling LIC policies. The compensation package is also understood to have been bettered.

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  1. A
    Abcd
    Jan 20, 2016 at 6:34 am
    If it's the APE than its the right figure....sorry my mistake
    Reply
    1. A
      Abcd
      Jan 20, 2016 at 5:49 am
      Pls check this
      Reply
      1. A
        Abcd
        Jan 20, 2016 at 5:47 am
        Wrong figures are published kindly check
        Reply
        1. A
          Abcd
          Jan 20, 2016 at 5:49 am
          Reply

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