12/07/2019 Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.

com

English (https://www.moneycontrol.com/) App Subscription (https://www.moneycontrol.com/subscription) Specials

(http://w
Stocks (https://www.moneycontrol.com/india/stockpricequote/) Feedback (https://www.moneycontrol.com/cdata/feedback.php? ag=oth) Log In Sign Up (http://www.facebook
(http://twitter.co

Home (https://www.moneycontrol.com/) News (https://www.moneycontrol.com/news/) Markets (https://www.moneycontrol.com/stocksmarketsindia/)

Search Quotes, News, Mutual Fund NAVs
Stay up to date Commodities
with the latest news. Subscribe to moneycontrol now! X
Mutual Funds (https://www.moneycontrol.com/mutualfundindia/) (https://www.moneycontrol.com/commodity/)

Insurance (https://www.moneycontrol.com/personal- nance/planinsurance/) Video (https://www.moneycontrol.com/video-shows/)

Podcast (https://www.moneycontrol.com/podcast/) Personal Finance (https://www.moneycontrol.com/personal- nance/)

Portfolio (https://www.moneycontrol.com/india/bestportfoliomanager/investment-tool) Forum (https://mmb.moneycontrol.com/)

Cricket WC (https://www.moneycontrol.com/news/icc-world-cup-2019/) Be a Pro (https://www.moneycontrol.com/promos/pro.php) Live TV

YOUBusiness (https://www.moneycontrol.com/news/business/)
ARE HERE: Home (Https://Www.Moneycontrol.Com/) Markets
News (https://www.moneycontrol.com/news/business/markets/)
(Https://Www.Moneycontrol.Com/News/) Business (Https://Www.Moneycontrol.Com/News/Business/)
Economy (Https://Www.Moneycontrol.Com/News/Business/Economy/)
Stocks (https://www.moneycontrol.com/news/business/stocks/) Economy (https://www.moneycontrol.com/news/business/economy/)
(Http://Www.M
Research (https://www.moneycontrol.com/equity-research/) Mutual Funds (https://www.moneycontrol.com/news/business/mutual-funds/) Autono=127448

Personal Finance (https://www.moneycontrol.com/news/business/personal- nance/) Property (https://www.moneycontrol.com/real-estate-property/)

Last Updated : Jul 12, 2019 07:19 PM IST | Source: Moneycontrol.com
Auto (https://www.moneycontrol.com/news/technology/auto) IPO (https://www.moneycontrol.com/news/business/ipo/)

Life insurers close Q1 with 65% growth in rst year

Politics (https://www.moneycontrol.com/news/politics/) India (https://www.moneycontrol.com/news/india/) World (https://www.moneycontrol.com/news/world/)

BFSI Tech (https://www.moneycontrol.com/news/bfsi-tech/) Consumer Tech (https://www.moneycontrol.com/news/technology/)

premiums; LIC beats industry

Startups (https://www.moneycontrol.com/news/business/startups) Opinion (https://www.moneycontrol.com/news/opinion/)

Life Insurance Corporation of India (LIC) posted an 81 percent YoY

growth in new premiums at Rs 44,794.78 crore in Q1
Moneycontrol News
@moneycontrolcom (https://twitter.com/moneycontrolcom) ‘Give It Up’ now in Indian
Railways
Chennai real estate hit
due to water scarcity

3 Point Analysis | IndiGo Impact of higher

boardroom tussle surcharge on FPIs

MUST LISTEN

On the Ball | World Cup 2019:

England could be crowned world
champions, says Gaurav Kalra
(https://www.moneycontrol.com/new
the-ball-world-cup-2019-england-
could-be-crowned-world-
champions-says-gaurav-kalra-
4200921.html)

STAY UPDATED

Subscribe to our Daily Newsletter

Enter Email address Submit

Get Daily News on your Browser Enable

Life insurers close Q1 with 65% growth in Finacle, Stater acquisition, aided in BFSI India, US o
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 1/6
12/07/2019 Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.com

(https://api.whatsapp.com/send?
TRENDING NEWS
text=Life
Asus ROG Zephyrus
insurers M GU502 review:
close Powerful gaming
laptop that scores
(https://www.moneycontrol.com/news/technology/asus-
Q1 rog-zephyrus-m-gu502-
review-powerful- brownie points in
gaming-laptop-that- productivity
with scores-brownie-points-
in-productivity-
4183741.html)
65%
(https://www.moneycontrol.com/news/
growth rog-zephyrus-m-gu502-review-
powerful-gaming-laptop-that-
in scores-brownie-points-in-
productivity-4183741.html)
first
year Kerala jail ties up with Swiggy, to sell
biriyani made by inmates
premiums; (https://www.moneycontrol.com/news/india/
jail-ties-up-with-swiggy-to-sell-biriyani-
LIC made-by-inmates-4194171.html)

beats Did anyone say ipgate? Early users of

Galaxy A80 complain about the stuck
industry
rotating camera
- (https://www.facebook.com/sharer/sharer.php?
(https://twitter.com/home?
(http://www.linkedin.com/shareArticle?
(https://www.moneycontrol.com/news/trend
anyone-say- ipgate-early-users-of-
https://www.moneycontrol.com/news/business/economy/life-
u=https://www.moneycontrol.com/news/business/econo
status=%0Ahttps://www.moneycontrol.com/news/
mini=true&url=https://www.moneycontrol.c
galaxy-a80-complain-about-the-stuck-
rotating-camera-4193181.html)
insurers-
insurers-
insurers-
insurers-
Vivo Z1Pro goes on sale in India - here are
close-close-close-close- the specs, price and offers
(https://www.moneycontrol.com/news/trend
q1- q1- q1- q1- z1pro-goes-on-sale-in-india-here-are-the-
specs-price-and-offers-4192561.html)
with- with- with- with-
65- 65- 65- 65- Mumbai rains: IMD mocked on Twitter over
failed predictions
growth-
growth-
growth-
growth- (https://www.moneycontrol.com/news/trend
rains-imd-mocked-on-twitter-over-failed-
in- in- in- in- predictions-4189181.html)

first- first- first- first-

year- year- year- year-
premiums-
premiums-
premiums-
premiums-
lic- lic- lic- lic-
beats-beats-beats-beats-
industry-
industry-
industry-
industry-
4200501.html)
4200501.html)
4200501.html)
4200501.html)

Life insurance
companies have clocked
65 percent year-on-year
(YoY) growth in the first
year premiums in Q1.

Data from the Insurance Representative image

Regulatory and
Development Authority
HDFC Life SBI Life Insura ICICI Prudentia
of India (IRDAI) showed
Life insurers close Q1 with 65% growth in Finacle, Stater acquisition, aided in BFSI India, US o
that life insurers
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 2/6
12/07/2019
collected new premiums
of Rs 60,637.22 crore for
the quarter ended June
Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.com
Watchlist Portfolio
Message (//mmb.moneycontrol.com/forum-topics/market-view/hdfc-life-
510633.html)
Set Alert (//investmentwatch.moneycontrol.com/tracker.php?
package_id=1&sc_did=HSL01&utm_source=IW_stocklink)

30.
NSELIVE
Among the companies, 12 Jul, 2019 15:59

Life Insurance 481.75 13.95 (2.98%)

Volume 2266998
Corporation of India
Todays L/H 469.10 485.00
(LIC) posted an 81
percent YoY growth in
new premiums at More
Rs
(http://www.moneycontrol.com/india/stockpricequote/miscellaneous/hdfclifeinsurancecompanylimited/HSL01)
44,794.78 crore in Q1.
Private insurers, on the other hand, posted a 32 percent YoY growth in premiums
to Rs 15,842.44 crore in the June quarter.

Despite the fact that the first quarter is considered a slow one for insurance
companies, IRDAI data shows that this year proved to be an exception for the life
insurance sector.

RELATED NEWS With respect to the individual private life insurers,

Anshula Kant appointed MD and

HDFC Life Insurance
CFO of World Bank
(https://www.moneycontrol.com/news/business/anshula-
kant-appointed-md-and-cfo-of-
world-bank-4201011.html)

Finacle, Stater acquisition, aided

in BFSI growth: Infosys
(https://www.moneycontrol.com/news/business/ nacle-
stater-acquisition-aided-in-bfsi-
growth-infosys-4200971.html)

India, US of cials discuss trade

issues
(https://www.moneycontrol.com/news/business/economy/india-
us-of cials-discuss-trade-issues-
4200941.html)
Life insurers close Q1 with 65% growth in Finacle, Stater acquisition, aided in BFSI India, US o
(http://www.moneycontrol.com/india/stockpricequote/miscellaneous/hdfclifeinsurancecompanylimited/HSL01)collected
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 3/6
12/07/2019 Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.com

Rs 3,981.98 crore, showing a 48.7 percent YoY growth.

SBI Life Insurance

(http://www.moneycontrol.com/india/stockpricequote/diversified/sbilifeinsurancecompany/SLI03)collected
Rs 3,152.44 crore, showing a 52 percent YoY growth.

ICICI Prudential Life Insurance

(http://www.moneycontrol.com/india/stockpricequote/finance-
general/iciciprudentiallifeinsurancecompany/IPL01)collected Rs 2,226.14 crore,
showing a 29 percent growth.

In terms of absolute growth, Tata AIA Life showed a 100 percent YoY growth
collecting new premiums of Rs 577.43 crore in Q1.

A handful of companies including Aditya Birla Sun Life, Aviva Life, DHFL
Pramerica Life, Edelweiss Tokio Life, Exide Life and IDBI Federal Life posted de-
growth in first-year premiums for Q1.

While the premium collections for the life insurance industry as a whole has
gone up, the number of policies/schemes continue to see flat growth. For Q1,
there was a 3.47 percent drop in the number of policies and schemes. This
means that the policies being sold are of higher ticket size.

Here, private life insurers posted a 9.7 percent growth in policies/schemes while
LIC posted an 8.2 percent drop.

First Published on Jul 12, 2019 07:19 pm

TAGS #Business (Https://Www.Moneycontrol.Com/News/Tags/Business.Html)

#Economy (Https://Www.Moneycontrol.Com/News/Tags/Economy.Html)
#Insurance (Https://Www.Moneycontrol.Com/News/Tags/Insurance.Html)

MOST POPULAR

Life insurers close Q1 with 65% growth in Finacle, Stater acquisition, aided in BFSI India, US o
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 4/6
12/07/2019 Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.com

(https://www.moneycontrol.com/news/world/10-
most-congested-cities-in-the-world-guess-
(https://www.moneycontrol.com/news/business/stocks/slideshow-
which-indian-city-takes-top-spot-4073051.html) (https://www.moneycontrol.com/news/business/these-
analysts-bet-on-these-8-stocks-for-9-16-return- ceos-and-top-execs-were-paid-the-highest-
in-short-term-4095101.html) 10 most congested cities in salaries-in-2018-4006001.html)

Slideshow | Analysts bet on the world: Guess which Indian These CEOs and top execs
these 8 stocks for 9-16% city takes top spot? pocketed the highest salaries
return in short term (https://www.moneycontrol.com/news/world/10-
in 2018
(https://www.moneycontrol.com/news/business/stocks/slideshow-
most-congested-cities-in-the- (https://www.moneycontrol.com/news/business/these-
analysts-bet-on-these-8- world-guess-which-indian- ceos-and-top-execs-were-
stocks-for-9-16-return-in- city-takes-top-spot- paid-the-highest-salaries-in-
short-term-4095101.html) 4073051.html) 2018-4006001.html)

SECTIONS

» Home (http://m.moneycontrol.com/) » Forum (http://m.moneycontrol.com/mmb/) » IPO (http://m.moneycontrol.com/ipo/)

» Markets » Mutual Funds » Elections 2019

(http://m.moneycontrol.com/stocksmarketsindia/) (http://m.moneycontrol.com/mutualfundindia/) (https://www.moneycontrol.com/news/lok-
sabha-election-2019/)

» Budget 2019 » Commodities » Real Asset

(https://www.moneycontrol.com/budget-2019/) (http://m.moneycontrol.com/commodity/) (http://m.moneycontrol.com/property/real-
assets.html)

» News (http://www.moneycontrol.com/news/) » Currencies » SME Special

(http://m.moneycontrol.com/mccode/currencies/) (http://m.moneycontrol.com/sme/sme-
special.html)

» Portfolio » Fixed Income » Watchlist

(http://m.moneycontrol.com/india/bestportfoliomanager/investment-
(http://m.moneycontrol.com/ xed-income/)
tool)
» Property (https://www.moneycontrol.com/real-
estate-property/)
(http://m.moneycontrol.com/portfolio_demo/stock_watchlist.php)
» Stock List
(http://m.moneycontrol.com/news/business/stocks)

» MF List (http://m.moneycontrol.com/) » Glossary » Sitemap

(http://m.moneycontrol.com/glossary/) (http://m.moneycontrol.com/news/sitemap/sitemap.php)

» Live TV & Shows » Personal Finance » PowerYourTrade

(http://m.moneycontrol.com/tv/) (http://m.moneycontrol.com/personal- nance/) (http://m.poweryourtrade.com/)

Desktop Version » (http://m.moneycontrol.com/gotomcweb.php?url=http%3A%2F%2Fwww.moneycontrol.com%2F%3Fclassic)

Follow us on
(http://www.facebook.com/moneycontrolFB)
(http://twitter.com/moneycontrolcom)
(https://www.instagram.com/moneycontrolcom/)

Available On
(http://apps.microsoft.com/windows/en-
(https://itunes.apple.com/app/apple-
in/app/a4555fed-
(https://play.google.com/store/apps/details?
store/id408654600? 7225-4159-8569-
id=com.divum.MoneyControl&referrer=utm_source%3DWebAppsPage%26utm_medium%3DInstallButton)
pt=433541&ct=WebAppsPage_Install&mt=8)
8cfac5e412e0)

(https://moneycontrol.qrcsolutionz.com/)

Disclaimer (http://m.moneycontrol.com/cdata/disclaim.php) | Terms & Conditions (http://m.moneycontrol.com/cdata/termsofuse.php) | Privacy Policy

(https://www.moneycontrol.com/cdata/privacypolicy.php) | Cookie Policy (https://www.moneycontrol.com/cdata/gdpr_cookiepolicy.php) | FAQs
(http://www.moneycontrol.com/faqs/) | Sitemap (http://m.moneycontrol.com/news/sitemap/sitemap.php) | Feedback
Life insurers close Q1 with 65% growth in(http://m.moneycontrol.com/cdata/feedback.php?
Finacle, Stater acquisition, ag=ot)
aided in BFSI India, US o
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 5/6
12/07/2019 Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry - Moneycontrol.com
Network 18 Sites: News18 (https://www.news18.com/) | Firstpost (https://www. rstpost.com/) | CNBC TV18 (https://www.cnbctv18.com/) | In.com
(https://www.in.com/) | Cricketnext (https://www.news18.com/cricketnext/) | Overdrive (http://overdrive.in/) |Topper Learning
(https://www.topperlearning.com/)

Copyright © e-Eighteen.com Ltd

All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of
moneycontrol.com is prohibited.

Open in App (https://wz7ux.app.goo.gl/?link=https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in- rst-year-premiums-lic-beats-industry-4200501.html?

utm_source=MC_OpeninApp&utm_medium=MC_WAP&utm_campaign=OpeninApp_Button&apn=com.divum.MoneyControl&ibi=com.moneycontrol.mc&isi=408654600&d=1)

Life insurers close Q1 with 65% growth in Finacle, Stater acquisition, aided in BFSI India, US o
rst year premiums; LIC... growth: Infosys

https://www.moneycontrol.com/news/business/economy/life-insurers-close-q1-with-65-growth-in-first-year-premiums-lic-beats-industry-4200501.html 6/6