homevideos Newspersonal finance NewsJanuary life insurance data: Industry premium up 2.6%, private companies’ premium up 9%
January life insurance data: Industry premium up 2.6%, private companies’ premium up 9%
Life Insurance business data for the month of January is out and has been weak across the board. Industry premium is up 2.6 percent and private companies’ premium is up 9 percent year-on-year basis.
Life Insurance business data for the month of January is out and has been weak across the board. Industry premium is up 2.6 percent and private companies’ premium is up 9 percent year-on-year basis.
For HDFC Life the January premium is just up 9 percent on a year-on-year basis, it's down 2 percent when compared to an average of the first nine months of FY22. The retail APE is also up just 2 percent on a year-on-year basis.
For ICICI Prudential Life, the January premium is up 1.4 percent on a year-on-year basis. It's up 10 percent when compared to nine months average FY22. Also the retail APE is down 7 percent on a year-on-year basis.
Max Life has been weakest in particular, the January premium is down 17 percent on a year-on-year basis, it is down 10 percent when compared to an average of the first nine months of FY22. The retail APE is down 23 percent on a year-on-year basis.
For SBI Life the premium is up 4 percent on a year-on-year basis, it is down 7 percent as compared to the average of the first nine months of FY22, retail APE is up 8 percent.
Watch the accompanying video of CNBC-TV18’s Yash Jain for more details.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM