PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Exponential Growth Seen in LIC’s Group Business Premium - LIC or the Life Insurance Corp. of India is showed record growth in its new group business premium. The same trend is likely to continue in the years to come as well
Exponential Growth Seen in LIC’s Group Business Premium

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2007/03/02 - LIC or the Life Insurance Corp. of India is showed record growth in its new group business premium. The same trend is likely to continue in the years to come as well.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

LIC (Life Insurance Corp. of India) – the largest “Life Insurance” player of India – has recorded tremendous growth of 180%. The growth was witnessed in the group business premium of the corporation during December last year (2006).

The firm recorded a new group business premium of Rs 5,900 crore by December last year, whereas it was Rs 3,900 crore during the FY spanning from 2005 to 2006. Gratuity business contributed about Rs 3,000 crore, while another Rs 1,000 crore came from the super-annuation business, as per AIDIS Surveys conducted by All-India Debt and Investment Surveys.

Today, the company enjoys Rs 53,000 crore funds from groups business.

The market share of the company’s group business also accelerated and grabbed a lion’s share (84%) of the pie as on FY 2005-06. Also, during the initial nine months of the fiscal year, LIC recorded 211% growth in the 1st year single premium income.

RNCOS has just published its much-anticipated report on “Indian Insurance Industry Forecast (2007-2009)”. The report provides an in-depth analysis of the present & future scenario of the Indian Insurance Industry. It looks into the details of the Indian insurance market with focus on the performance of key players in this sector.

LIC is the largest insurance player of India. Of the overall premium of about Rs 3766 crore the insurance industry had generated from group business over the FY 2005-06, about Rs 3051 crore were contributed by the LIC alone, as per the report.

This market research reports on “Indian Insurance Industry Forecast (2007-2009)”, also addresses some interesting issues for today’s Global business environment.

- Discussion about the current scenario of the insurance industry worldwide
- Indian insurance industry in international perspective
- Pinpoint the growth sectors and identify the driving factors
- Identify market, brand leaders, and understand the competitive environment
- Key Challenges & Strategies

Who should read this report?

The report is a must read for analysts, consultants, businesses, and others who are closely monitoring the development of insurance sector in India. Businesses can analyze the current market to decide their future policies and strategies accordingly.

About RNCOS

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


Exponential Growth Seen in LIC’s Group Business Premium

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Insurance/Risk Management Most Recent Related Newswires:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae
LexisNexis Claims Datafill Accelerator Receives Ready for Guidewire Designation
Norfolk Police Department Adopts LexisNexis Citizen Crime Reporting Solution
Relevant Healthcare Becomes Preferred Vendor for NASHCO
A.M. Best Provides Further Recognition of SCOR’s Financial Strength SCOR Group
Handshake Software Integrates LexisNexis Digital Library with Microsoft SharePoint Portal & Search

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)