Live Insurance News

Life insurance in India becoming less profitable

November 26, 2012April 30, 2013

The premiums collected from this coverage sector have dropped by 2.33 percent compared to 2011. The latest life insurance news from India is that premiums collected during the third quarter, which ended on September 30, have experienced a year over year decrease by 2.33 percent, said the most recent report of the Insurance Regulatory and Development Authority (IRDA). This drop has been blamed on the overall slowing in economic growth. This, according to Namo Narain Meena, the Minister of State for Finance. The minster explained that as a whole, there…

India in the running for top life insurance production in the world

April 11, 2011 H. Cutner

India is on track to becoming one of the world’s largest providers of life insurance according to a study done by the Ficci and Boston Consulting Group. The rate at which the industry is progressing, the nation may become one of the 3 top life insurance companies worldwide. The study suggests that the growth is due, in part, to the rapid industrialization of the country and booms in population. As the nation develops, more people find that they can afford insurance coverage, and so they obtain what they need. The…