Sentences with phrase «cent of total premium»
Currently Ulip products, which are equity linked insurance schemes, account for about 80 per cent of the total premium collected by the 23 private life insurance companies.
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Riders can cost about 10 to 20 per cent of the total premium payable.
On the other hand, group single premium for LIC accounted for around 33.33 per cent of the total premium collected at Rs 3,065 crore, while individual single premium stood at Rs 2,490 crore in the overall premium.
If the policyholder dies before two years, the dependents will be paid 125 per cent of the total premium paid till date.
The state - owned Life Insurance Corporation of India has collected 65 - 70 per cent of its total premium income from such products in 2008 - 09.
Ulips account for 90 per cent of the total premium collected by private insurance companies.
A significant portion of LIC's premium income is coming from single premium policies; 46 per cent of the total premium in FY07 against 31 per cent and 40 per cent in FY05 and FY06, respectively.
The policy offers to return as much as 135 per cent of the total premium being collected from a policy holder.
The four PSUs accounted for about 56 per cent of the total premium collected by 28 general insurance companies in March.
Under the scheme, farmers have to pay just two per cent of the total premium in case of the kharif crop, 1.5 per cent for rabi and five per cent for horticulture.
Its members represent more than 90 per cent of total premium income written by private sector general insurers.
LIC's investment in stock markets every year is around 8 - 9 per cent of its total premium collection, the official said, adding,» (The) banking sector remains appealing to us.»
«The minimum guaranteed surrender value would be 30 per cent of the total premiums paid less any survival benefits paid, if the policy is surrendered in the second and third year.
If surrendered during the fifth to the seventh policy year, it would be 90 per cent of total premiums paid, less any survival benefits already paid,» the draft norms said.
If surrendered in the fourth year, it would be 70 per cent of the total premiums paid less any survival benefits already paid.
Not exact matches
Regardless of Brenner's trumpeting of recent total shareholder returns, AMP has been, and remains, a perennial laggard, trading at an 8 per cent discount to the market multiple versus its historical 8 per cent premium.
Overall chocolate sales are predicted to reach $ 18bn ($ 13.2 bn) by 2011, up from $ 16bn ($ 11.7 bn) in 2006, she said, helped by the market share for premium chocolate escalating from 13 per cent of the total market in 2002 to nearly 17 per cent in 2006.
The a2 product commands premium prices on retail shelves and its share of the total fresh milk market by value has crept up to around 9 per cent from 5 per cent in 2012.
The premium on your total loan varies from approximately 0.60 per cent to 3.35 per cent depending on the percentage of loan - to - value (generally the greater your downpayment in relation to home's cost, the lower the mortgage loan insurance premium).
Competitive and sustained bidding at the Post-War and Contemporary Art Evening Auction in London resulted in 56 of the 59 lots offered being sold (98 per cent by value), three works realising in excess of # 10 million (including buyer's premium), and a final total of # 96,384,000 / $ 117,781,248.
The sale, which was 89 per cent sold by lot and 94 per cent by value, realised a total of $ 276,972,500 / # 221,933,093 (including buyer's premium).
The total premium underwritten by non-life insurance companies saw an increase of 19 per cent at $ 1,08,784 crore during April - December 2017, compared with $ 91,515 crore in the same period of the previous fiscal, according to Insurance Regulatory and Development Authority of India (IRDAI).
In most of the cases, the premium rate varies between 0.75 — 1.5 per cent of the total sum insured.
«Opex ratios (operating expenditure / total premium) for the top 10 Indian life insurers are in the 15 to 30 per cent range, compared to international benchmarks of 10 to 15 per cent.
The New India Assurance Company has posted over 354 per cent rise in underwriting profit of Rs 109 crore on a total premium income of Rs 4,921.47 crore for the financial year 2003 - 04.
The Indian life insurance industry is expected to grow by about 15 per cent in the current financial year to touch a total premium income of Rs 2,55,000 crore in 2009 - 10.
The total premium of the general insurance industry is around Rs 70,000 crore but it's still only 0.7 per cent of the GDP.
The total premium collected by Tata AIA Life Insurance during April - September 2012 declined by 29.55 per cent followed by Reliance Life Insurance at 28.62 per cent, Minister of State for Finance Namo Narain Meena said in written reply.
As per the industry body, total renewal premiums for regular Unit Linked Insurance Plans (ULIPs) witnessed a growth of 40 per cent in April - September period at Rs 25,950 crore compared with Rs 18,506 crore in the same period last fiscal.
However, insurance brokers have protested the move as despite the fact that 20 per cent — around Rs 22,000 crore — of total industry's premium passes through brokers, none of their representatives have found a place in revamped GI Council.
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
For April - December 2013, the first nine months of that financial year, Future Generali India collected total premiums of Rs 929 crore, up 11.5 per cent over the same period in 2012.
Life Insurance Corporation of India (LIC)- South zone has reported a 15 per cent growth in total premium income to Rs 9,859.42 crore during 2004 - 05, as compared to Rs 8,579.4 crore, last year.
NCB discounts are applicable on own damage premium and it comprises more than 80 per cent of total car insurance premium.
The total gross premium of 23 players in the non-life insurance market rose by 20 per cent to Rs 5,252.24 crore in the first month of the current fiscal, from Rs 4,381.49 crore in April 2010, as per the Insurance Regulatory and Development Authority (IRDA) data.
Life insurance industry witnessed a marginal decline of 3 per cent in the total premium collection at Rs 1,80,240 crore for the period ending December 31,2011.
The total new business premium (NBP) for the life insurance industry decreased by 21 per cent year - on - year (Y - o - Y) to Rs 49,046 crore from Rs 62,362 crore, while the total number of policies sold in the pension segment came down to 0.6 lakh from 33.5 lakh Y - o - Y.
A similar plan, SBI LIFE — eWealth Insurance limited its premium allocation charges to Rs 45 in the first year only, decimated its policy administration charges, while the total of mortality charges and fund management charges were limited to roughly 1.25 - 1.50 per cent of the annual premium paid.
Bajaj Allianz Life's total premium income amounted to Rs 1,001 crore in 2004 - 05, of which 25 per cent came through its tie ups with 5 banks.
For instance, Bajaj Allianz offers up to one per cent of the sum insured, or up to Rs 5,000 on a weekly basis, in case of permanent total disability, in case of the premium personal policy.
Currently, the terror insurance premium for industrial establishments is 0.30 per cent of the total sum insured, while for housing units, the rate is around 0.10 per cent of the total sum insured.
According to the data released by the Life Insurance Council, the representative body of life insurance companies, the total premium went up by 18 per cent during the last financial year to Rs 2,61,025 crore.
Currently, Unit Linked Investment Plans (ULIPs) constitute around 80 per cent of the total first premium income, he said.
The Life Insurance Council estimates the current financial year would close with a total premium income — renewal and those from new sales — of Rs 2,55,000 crore, which means a CAGR of 25.16 per cent.
Kotak Life Insurance also saw its total received premium income jump from Rs 136.87 crore in HY05 - 06 to Rs 291.51 crore in HY06 - 07, a growth of 113 per cent.