Sentences with phrase «business premium»

Life insurance industry saw a 6.3 % drop in new business premiums for financial year fiscal 2012 - 13.

The life insurance industry is likely to see a significant drop in new business premium collection following new regulations on unit - linked insurance plans, surrender charges and distribution channels.

The life insurance industry has started the financial year on a positive note and registered a growth of 8 per cent in the first year business premium collection.

Its growth in new business premium has gone down by around 3 per cent and that is posing a major challenge to the company.

While the Bhubaneswar branch recorded a new business premium of Rs 5.64 crore, Cuttack occupied the second slot at Rs 4.39 crore.

The total new business premium for the industry has decreased 21 per cent year - on - year to Rs 49,046 crore from Rs 62,362 crore.

Future Generali India Life Insurance Company today said it expects five-fold increase in new business premium at Rs 750 crore by the end of the current fiscal on the back of product launches in the current quarter.

With the opening of the insurance sector, Ulips have emerged as popular investment products contributing more than 70 per cent of the new business premium income of life insurers.

In another sign of weakening investment environment, the life insurance industry witnessed a 5 per cent decline in its total premium collections for the quarter ended June on the back of a sharp fall in new business premium during the quarter even as the renewal premium witnessed a double - digit growth.

As per the data compiled by the Life Insurance Council, an industry association comprising of 22 players in the sector, renewal premiums increased by around 24 per cent to Rs 73,952 crore compared to same period last year, while new business premiums increased by around 18 per cent to Rs 46,551 crore on year - on - year basis.

«If you consider the new business premium collected in last two years for the same period, the industry's premium collection has grown at 13 per cent CAGR despite a fall this year,» said the Life Insurance Council statement.

The general insurance sector in the country is of the size of close to Rs 75,000 crore in terms of gross business premium collections and over 80 per cent of the premium collections is spent on policy holders through claim settlements, according to M Rama Prasad, member (non-life) of the Insurance Regulatory and Development Authority of India (Irda).

According to the data released by the Life Insurance Council on Monday, the industry witnessed a 28 per cent drop in its new business premium from Rs 25,522 crore last year to Rs 18,282 crore by the end of June 2011.

ICICI Prudential Life Insurance Company's annualised new business premium rose 77 per cent to Rs 1,256 crore in 2004 - 05.

Amongst the top private sector leaders HDFC Standard Life logged 28.83 % growth with Rs 1,409.29 crore new business premium while the rival ICICI Prudential Life clocked just 3.12 % growth for the period under review at Rs 1,258.89 crore.

(Juicero charges businesses a premium, she said.)

Our programs and premium exercise equipment provide opportunities for Pilates and mind - body professionals, clubs, health care professionals, personal trainers, group fitness instructors and athletes to diversify their knowledge base, cater to a wider client base and build their businesses

Even though the Life Insurance Corporation of India increased its market share to 74 per cent in terms of total new business premium policies in March 2007, compared with 72 per cent in March 2006, it

During last financial year, Kotak Life collected Rs 1,400 crore in new business premium segment and Rs 1,500 crore in renewal premium segment.

Says insurers should underwrite such minimum percentage in 90 per cent of the overall motor TP insurance business premium

During the same time, its new business premium hiked by 7.7 per cent.

Last year the new business premium stood at Rs. 405 crores.

Initial investigations prompted IRDA to impose a penalty of Rs. 5 lakh on the insurer, but further investigations revealed that an excess payment of 44 % of one installment of the regular premium received upfront in addition to the new business premium accounted for the first year was made to the corporate intermediaries.

The company is a private life insurance competitor in India and holds new business premium market share of 7.9 % as of September 30, 2015.

Being the country's largest insurer LIC has seen a sharp decline in the shares up to 70 % where its new business premium shrunk by over 21 % from April to December in 2014.

However, new business premium fell 42.28 per cent to Rs 577 crore.

Among the private players, SBI Life recorded the highest business premium during the year.

In FY» 10, the company's new business premium grew by 224 per cent.

New business premium dropped to Rs 4,451 crore in 2009 - 10 as against Rs 4,491 crore in 2009 - 10.

Company Description CPAudits, a Brown & Joseph company, offers complete business premium auditing services to property...

New business premium income rose by 25 per cent to Rs 1,09,213 crore from Rs 87,006 crore in 2008 - 09.

New business premiums of life insurance companies saw a 4 per cent rise to Rs 13,854.44 crore in July 2016 as against Rs 13,319.97 - crore premium collected in the same month last year.

The regulatory changes introduced since September 2010 have significantly reduced the new business premiums for ULIPs.

Life insurance grew 9 per cent, garnering a premium of Rs 10,624 crore with new business premium at Rs 4,491 crore and renewal premium at Rs 6,133 crore, the release said.

New business premium increased by 13 per cent to Rs 38,985 crore from Rs 34,529 crore for the corresponding period in 2008 - 09, it said.

General insurance sector in the country is of the size of close to Rs 75,000 crore in terms of gross business premium collections and over 80 % of the premium collections is spent on the policy holders through claim settlements, according to M Rama Prasad, member (non-life) of the Insurance Regulatory and Development Authority of India (Irda).

New business premium during this period stood at Rs 378 crore, compared with Rs 603 crore a year ago.

According to the Insurance Regulatory and Development Authority, total new business premium collection of life insurers till February stood at Rs 84,501.74 crore.

Despite the life insurance industry experiencing a slump of 5.84 % in revenues from selling new policies worth Rs. 1,13,140 crore in previous FY 14 - 15, AEGON Religare reported a 41 % increment in their new business premium income worth Rs 207.5 crore as compared to the earlier Rs 147 crore in FY 2013 - 2014 - as per the Life Insurance Council report.

Last year 39 percent of new business premium in life and health insurance lines for Allianz SE, Allianz Life Insurance of North America's parent company, was generated by capital - efficient products, Allianz SE executives told analysts in early February.

Meanwhile, traditional VAs, or unit - linked annuities with or without guarantees, last year accounted for 18 percent of the company's new business premium, down from 22 percent in 2015, the parent company said.

In 2015 only 30 percent of new business premium was generated by capital - efficient products, Allianz SE said.

New business premium in the company's U.S. life and health segment fell 13.3 percent to about $ 2.8 billion, Allianz reported.

And do I need to close my premium account after the miles are earned and then apply for the business premium card?

Many companies charge a little extra to cover the cost of administering payments every month, so if you can afford to pay your business premium annually, rather than monthly, at the end of the day you'll pay less for your coverage.

In fact the business premium recorded this year at Rs 1264 crore is down by 8 % with respect to the previous year (Rs 1368 crore).

For the financial year 2010 - 2011, Bajaj Allianz has been ranked the second best insurance company of India in terms of number of issued insurance policies and fourth on basis of new business premium.

SBI Life said the increase in net premium income was primarily due to increase in retail new business premium and also due to...

The new business premium for the industry also decreased by 17 per cent year - on - year to Rs 71,953 crore from Rs 86,698 crore in the last nine months.