New business premium during this period stood at Rs 378 crore, compared with Rs 603 crore a year ago.
Not exact matches
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.
During April - July period of current fiscal,
new business premium by all the 24 life insurers rose by 22.7 per cent at Rs 45,247 crore as against Rs 36,888.11 crore in the same period of the preceding financial year, the data added.
During the same time, its
new business premium hiked by 7.7 per cent.
During the first quarter, HDFC Standard Life recorded a 15 per cent drop in
new business premium, while Bajaj Allianz Life, an arm of Bajaj Finserv, reported a fall of over 30 per cent at Rs 577 crore as against Rs 828 crore in the corresponding quarter last year.