How much percent of life insurer's premium income was grown for the year 2019, as per Insurance Regulatory and Development Authority of India (IRDAI)?

  • 115%
  • 214%
  • 313%
  • 411%
Answer:- 4
Explanation:-

According to the Insurance Regulatory and Development Authority of India (IRDAI) data, after a very low growth phase, life and non-life premium income of insurance companies have registered substantial growth in financial year 2019. Life insurer's premium income grew 11% in FY19 over 2018 and non-life insurance firms witnessed a 13% rise in their total premium income to Rs 1.70 lakh crore in the financial year ended March 2019. 25 are general insurers: whose collective gross premium in 2018-19 was Rs 1.50 lakh crore, up by around 13% from Rs 1.33 lakh crore in 2018. 7 are standalone private sector insurers: they had a rise of 37% in their combined premium to Rs 11,368.82 crore in the financial year ended March 2019, against Rs 8,314.27 crore in 2018. 2 are government-owned specialised insurers: among them, Agricultural Insurance Company of India and ECGC Ltd registered a dip of 7.75% in premium at Rs 8,425.75 crore during the fiscal ended March 2019, as against Rs 9,133.78 crore in 2018.

Post your Comments

Your comments will be displayed only after manual approval.

Test
Classes
E-Book