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Premium mop-up for life Insurers surges 33%

Rs 18,209.50 cr – First-time premium collected in Feb 2019

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Life insurance industry witnessed a rise of 32.7% in its collective new premium income during February 2019, indicating a rise in new customers, data from Irdai showed

Rs 18,209.50 cr – First-time premium collected in Feb 2019

Rs 13,724.96 cr – Mop-up in the same month last year

66.26% – Market share of LIC

Rs 12,055.81 cr – Premium collected by LIC last month

Rs 6,153.70 cr – Premium collected by other market players

42.2% – Growth in first-time premiums for LIC

49% – SBI Life

33.1% – ICICI Prudential Life

21.6% – Aditya Birla Sun Life

59.3% – Aegon Life

23.7% – Max Life

15.25% – Kotak Mahindra Life

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