Sentences with phrase «life insurance sector by»

Not exact matches

HDFC Life is the third largest private insurance company in the country which has 16.5 % of total premium collected by the private sector insurance companies in the financial year 2017.

According to a report by Kotak Institutional Equities, life insurance companies in the private sector delivered 13 % growth in individual APE during last month, leading to 18 % growth year to date (YTD) over the past four months.

While 12.78 % growth has been reported by LIC in their premium income, the private sector life insurance companies have posted a growth of 17.40 %.

Headquartered in Mumbai, IndiaFirst is one of India's youngest life insurance companies promoted by two large public sector banks - Ban... read more

A committee constituted by the Irdai has suggested host of changes in the life insurance sector, including in the investment norms to improve the returns generated by the funds.

For 2014, New York Life Insurance Company was ranked as the fifth most admired company in the Life and Health Insurance sector by Fortune Magazine (March 2014)(visit http://money.cnn.com/magazines/fortune/most-admired for more information).

Private sector insurer MetLife India Insurance today launched a term insurance product Met Protect, the first such life cover plan by the company to be availablInsurance today launched a term insurance product Met Protect, the first such life cover plan by the company to be availablinsurance product Met Protect, the first such life cover plan by the company to be available online.

State - run Life Insurance Corporation's (LIC) new business premium was the highest at Rs 10,737.92 crore, up 3 per cent from Rs 10,421 crore in July 2015, according to the data collected by sector regulator IRDAI.

HDFC Standard Life Insurance Company's Rs 8,700 - crore initial public offering (IPO)-- the largest by a private sector firm in nearly a decade — was subscribed five times on Thursday, the last day of the offering.

Much of the growth in life insurance sector is expected to be driven by productivity of agents.

«An insurance agent would be desired by an individual to compare insurance products and quotes that best suit the person's interest, whether it be in the home, auto, health, or life sectors.»

The largest difference between private sector health insurance and life insurance is that for life insurance, a person may purchase guaranteed renewable insurance for the whole of the insured's life at a constant premium rate, while health insurance is generally purchased year by year with generally no assurance of renewability and if renewable no guarantee that premium rates will not increase.

The benefit is available for life insurance policies sold by all insurance companies — both public and private sector.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks — Canara Bank (holding 51 %) and Oriental Bank of Commerce (23 %)-- and HSBC Insurance (Asia Pacific) Holdings Limited (26 %), the Asian insurance arm of one of the world's largest banking and financial services groups &mdaInsurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks — Canara Bank (holding 51 %) and Oriental Bank of Commerce (23 %)-- and HSBC Insurance (Asia Pacific) Holdings Limited (26 %), the Asian insurance arm of one of the world's largest banking and financial services groups &mdaInsurance (Asia Pacific) Holdings Limited (26 %), the Asian insurance arm of one of the world's largest banking and financial services groups &mdainsurance arm of one of the world's largest banking and financial services groups — HSBC.

According to an estimate study done by Insurance Regulatory and Development Authority, life insurance sector need an additional capital of Rs 44,500 crore and nonlife insurance sector needs Rs 10,500 crore in the next fiInsurance Regulatory and Development Authority, life insurance sector need an additional capital of Rs 44,500 crore and nonlife insurance sector needs Rs 10,500 crore in the next fiinsurance sector need an additional capital of Rs 44,500 crore and nonlife insurance sector needs Rs 10,500 crore in the next fiinsurance sector needs Rs 10,500 crore in the next five years.

ICRA, the Financial Sector Ratings Company, predicts Life Insurance sector in India will grow by 12 - 15 % in current FY16.

With the Insurance Regulatory and Development Authority (IRDA) proposal to invest 25 % of unit - linked investment fund (ULIP) into central government securities, the government will receive a larger pie of the income generated by the life insurancInsurance Regulatory and Development Authority (IRDA) proposal to invest 25 % of unit - linked investment fund (ULIP) into central government securities, the government will receive a larger pie of the income generated by the life insuranceinsurance sector.

TS Vijayan has said that all three verticals in the insurance sector Life, Non-Life and Health will be in a better position by 2015 in terms of premium collection if this extra investment can be gathered.

A growth of close to 18 % in First Year Premium (FYP) income is shown by LIC during 2013 - 14 as against 11.57 % growth of the life insurance sector as a whole.

The Health Insurance TPA of India Ltd, structured by public sector non-life insurance companies to handle their health claims, is ready toInsurance TPA of India Ltd, structured by public sector non-life insurance companies to handle their health claims, is ready toinsurance companies to handle their health claims, is ready to go live.

Since then, the company has proven its excellence by expanding both in the Life and General insurance sector.

Life insurance is a growing sector in India, and the importance of a term insurance plan is still not understood by many Indians.

While the discussions with the Standard Life, which is an overseas partner, where the latter shows that they want to raise their stakes by 35 %, explanation is being sought on FDI hikes in the insurance sector from FIPB.

LIC is the oldest and stand alone public sector life insurance company in India which was founded in the year 1956 by an act of parliament.

«Life insurance companies have been adhering to rural and social sector obligations by covering more than 19.3 million lives in the social sector in 2008 - 09.

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.