Ulips drive private players’ growth

By: |
Updated: September 4, 2015 5:36:30 AM

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

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.

ulip

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1RBI new rules: Banks to take Rs 20,000 crore profit hit, says Crisil
2RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war
3RBI hires outside talent to boost market intelligence