New Life Insurers' Premium Collection Fall 31% in February

And lower new business premiums (for individual policies on a regular basis) a number of life insurance companies, which are in percent (%) on February 31, one of the strongest decline in recent months.

Continued decline comes after more stringent standards imposed by law on insurance and Development Authority (infrared) to ensure the minimum return on retirement policies and to increase the size of commissions paid to employees.

The company refused Libyan giant public sector is more important, high-end new collections have declined by 44 percent (%) compared with the same period last year.
Libyan Company raised R 2273, R versus 4092 crore rupees in February. private companies to collect Saw (12%), decreased percent, despite the fact that some players will suffer a sharp decline in many groups. What should be the concern of industry that this important figure in the new season. As a general rule, industry and collection of nearly (40%) percent of total premiums in the period January-March quarter business - investors in tax-saving term.

Less pension

Ministry of Industry launched less pension plans this year, insurance companies, under guard, organized by former owners to determine the minimum level of such plans. New insurance rules require players to ensure 4.5 (%) percent of the proceeds for a long time in these plans. Recorded in percentages (%) 25 - 30 of the company last year.

The introduction of new guidelines in September 2010, saw this commitment ULIP insurance companies to provide guaranteed minimum pension, and also sets, luxury suitable for private parties in November. 12 of 22 private insurance companies, high-quality sets us in February, down (%) Group Bajaj Allianz Life Insurance Premium by 53 percent to 190 crore rupees.

For the first time since insurance regulators to develop guidelines to ensure the unit is connected, dropped from the company sets a premium over the Libyan private sector.

Between the Subsidiary Body for Implementation, in particular, saw Max New York Life and LG Vysya healthy growth within a percentage (%) 44.39 years (%) and 25 percent (%), respectively.

Traditional New Products

However, positive developments in the period 2011 to April 2010, in February, is that insurance companies have started to recognize the traditional products, which covers only the risks of humanitarian or political promises in addition to a coup threw the bonus amount .

traditional slide, the year when the new business premium policies regularly to see an increase (%) in 1910, the percentage of Rs 69,297 crore. Libyan company's growth is 16 (%) percent of the first business also helped.

Another factor that contributed to better business groups, public figures is "single premium" above.
In normal times, and private insurance companies are willing to sell premium products at lower margins. But the stock market turned suddenly, and lock at least one of ULIPs is to increase for five years and insurance companies to pass through a single premium.

Based on the previous year operators, private sector, such as increasing the (Bob, World Pradesh, legal and public) have seen health care in India, 241 percent of 396 crore rupees as HDFC Standard Life and Shriram Life .