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