H1 premium mop-up: LIC outshines pvt sector peers

Nov 18 2013, 05:11 IST
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SummaryState-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26%

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.

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