Printer Friendly

Insurance premium collections increases in India.

Global Banking News-June 30, 2016--Insurance premium collections increases in India

(C)2016 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 June 2016

A new study has said that insurance premium collection has increased in the nation.

Figures show that insurance premium collection in India grew by 7.9 per cent in 2015 as demand for both life and non-life products went up. The increase in the previous year was 1.2 per cent.

The report said, 'In India, total insurance premiums grew strongly by 7.9 per cent in 2015, compared to a contraction of 1.2 per cent in 2014. The improved performance was aided by stronger growth in both life and non-life premiums. The recovery was underpinned by investment-linked products which posted strong growth through bancassurance channels.'

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:9INDI
Date:Jun 30, 2016
Words:152
Previous Article:UOB suspends London property loans.
Next Article:Mexican central bank expected to hike rates.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters