India's Life Insurers Expect 18% Growth in Income

India's Life Insurance Council projects an 18% growth in total premium income for the life insurance industry in the fiscal year 2009-10, reports the Economic Times.


Life Insurance Council secretary general SB Mathur told the Times that the industry is estimated to have generated a total premium income of Rs 2.6 lakh crore at the end of 2009-10, against Rs 2.2 lakh crore in the previous financial year, reflecting an 18% growth.


Quoting Mathur, the Economic Times says it may take another two to three years before all companies in the entire sector turn profitable.


Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern