Life insurance industry estimated to grow by 15% in next 5 yrs

Last Updated: Thursday, September 19, 2013, 19:23

The life insurance sector is estimated to grow by up to 15 percent annually over the next five years, mainly due to multiple regulatory and industry changes brought in over the past few years and due to favourable demographics of the country, an industry body said Thursday.

General insurers focus on retail, small towns to beat slowdown

Last Updated: Sunday, August 4, 2013, 11:46

Industry officials also say that there is an increasing focus on renewal premium, as the new premium growth from the motor, engineering segments has slowed.

Insurance industry to grow below 5% in FY'14: CII

Last Updated: Sunday, June 23, 2013, 13:44

"The growth of the Indian insurance industry is projected to remain below 5 percent in the current fiscal (FY 2013-14)," said a CII survey of 30 leading insurance companies.

General insurers see growth slipping this fiscal

Last Updated: Friday, April 19, 2013, 19:01

The general insurance industry is likely to see a drop in growth in the current financial year compared to the last fiscal due to a slowdown in economic activities, feel industry players.

Chidambaram asks insurance sector to focus on smaller towns

Last Updated: Friday, April 12, 2013, 19:02

As India remains among the most under-insured countries in the world, Finance Minister P Chidambaram on Friday asked the general insurance industry to spread awareness about the need for risk cover in smaller towns across the country.

Insurance industry poised for growth: Report

Last Updated: Monday, August 6, 2012, 23:50

Even as the insurance sector has witnessed a decline due to regulatory changes, industry leaders are optimistic about scope for growth.

Insurance industry need to innovate, simplify products: Study

Last Updated: Sunday, August 5, 2012, 20:09

India's insurance industry needs to innovate, simplify products and build trust amongst the customers through effective distribution claims management in order to ensure growth in the sector, a study said Sunday.

Nippon to bring post-sales service to Indian insurance market

Last Updated: Sunday, July 29, 2012, 13:57

Japan's Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.

LIC to expand overseas

Last Updated: Friday, September 23, 2011, 23:53

Seeking to redefine itself at a time when the Insurance industry was witnessing a de-growth, LIC would expand in overseas markets and start segmenting agents from next month onwards, a top official said on Friday.