Home > Personal Finance > Insurance > Insurance News > Article

Related Links
Friday July 31, 12:30 PM Reuters

Life insurance industry hit by slowdown - min

NEW DELHI (Reuters) - Slowdown in the economy has trimmed growth in premium income of Indian insurers in FY09, a junior finance minister said in a written reply to Parliament on Friday.

Namo Narain Meena said the total premium income of market leader Life Insurance Corp grew 4.45 percent to 1.56 trillion rupees in FY09, lower than the 17.19 percent expansion seen in 2007/08.

The overall premium income of all the life insurers stood at 2.24 trillion rupees at the end of FY09, compared with 2.01 trillion rupees in the previous year.

"In the year 2008/09, the pace of growth in the insurance sector has slowed down which may be a result of the economic slowdown during the period," Meena said.

(For more news on Reuters Money click http://in.reuters.com/money)

Email to friend | IM to friend |

RECENT BUSINESS NEWS

>> More News

RELATED NEWS

RSS FEEDS

All headlines to your personalized My Yahoo! page
(Learn about My Yahoo! and RSS)
  • All Business News
  • India Business News
  • World Business News
  • Personal Finance News
More Finance RSS Feeds

  • Cricket

    Viru thanks Gauti
    Sehwag thanked Gambhir for keeping the pressure off him when he wasn't hitting the ball well in the ... » More

  • Movies

    Akshay is the new Khan
    Farah Khan begins casting for her next directorial venture – Tees Maar Khan. But this time thereâ€... » More

  • Lifestyle

    Meet Miss Earth 2009
    Brazilian beauty Larissa Ramos beat 79 other contestants from all over the world to win the Miss Ear... » More



Quotes delayed, except where indicated otherwise.
Delay times are 15 mins for BSE and NSE(when not logged-in) See also delay times for other exchanges.

All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Prior to execution of any security trade, you are advised to consult your authorized financial advisor to verify the accuracy of all information. Neither Yahoo! nor any independent provider is liable for any informational errors, incompleteness or delays or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found herein.