INDIA'S MAX NEW YORK LIFE EXPECTS 20-30% GROWTH THIS FISCAL YEAR
Friday, Oct 23,2009, 10:25:15 AM Click:
Indian private life insurer Max New York Life expects 20-30 per cent growth in new businesses in the current fiscal, the company's chief operating officer Rajit Mehta said.
"In the second half of the current financial year, business has started looking up. We are hoping to report a good growth," Mehta told reporters on the sidelines of an event here.
In 2008-09, Max New York Life collected Rs 18.43 billion (US$398 million) premium, while during the first five months of the current fiscal year the company mopped up around Rs 7 billion.
During the same period last fiscal year, Max New York had mopped up around Rs 7.64 billion.
Overall, private life insurers registered a negative growth of about 15 per cent during the first five months of the current fiscal.
The 21 private life insurers managed to mop up Rs 102.27 billion during April-August, against Rs 120.89 billion during the same period a year ago.
The market share of India's largest insurer, Life Insurance Corp (LIC), rose to 67 per cent in the new business category in the first five months of the current fiscal year.
You may also be interested in:
- Illinois Department of Insurance Orders Funeral Directors’ Insurance Agent to Surrender License Director also imposes $100,000 fine
- Principal Financial Turns Down Treasury Money
- Analysis: Health Care Will Run Into Spending Bills After Recess
- RSA launches multi-cover Small Business Combined product
- Actuaries crucial role to play in helping the insurers on cl
Featured
Aetna Insurance Company health first medical coverage
Copyright: Business Wire Source: Business Wire Wordcount: CHICAGO - (BUSINESS
National Underwriter Company Launches CFO Dialogues
NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading
The Hartford Raises $900 Million
Hartford Financial Services Group Inc., an insurer that received a $3.4 billion
Atlantic American Corp. Leads Wednesday's AMBG as
The AMBG closed Wednesday, Oct. 14, at 843.05 (+2.06%). Of the 15 A.M. Best
United States and the lives Industry''s Market Cap
Copyright: h Best Company, Inc. Source: BestWire Wordcount: 737 Credit related
Coalition Says Public Health Option Would Lead to
The current debate over health care reform has spawned town hall meetings all
Research and Markets: Hungary Insurance Report Q1 2009
Copyright: Business Wire Source: Business Wire Wordcount: DUBLIN,
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- A.M. Best Places Ratings of Forethought Life Insurance Compa
- A.M. Best Downgrades Issuer Credit and Debt Ratings of Jackson National Life Insurance Company and Its Affiliates
- A.M. Best Downgrades Ratings of Bankers Life Insurance Company; Revises Outlook to Negative
- Farmers Insurance(R) Named One of the 'Best Companies to Work For' in the Greater Kansas City Area
- Till Death Do Us Part; How second-to-die life insurance pol
- Chartis Charts Its Path Away From AIG
- A.M. Best Revises Outlook to Negative for AXA Financial, Inc
- Prepared Insurance Strategy Shaped by Florida Regulation, Rates
- Bank of America began to reduce the principal amount of mortgage loan modifications
- A.M. Best Downgrades Issuer Credit Ratings of Primerica Life
-
Research and Markets: Hungary Insurance Report Q1 2009 - Rel -
Katrina cost us, Again -
Obama presses doctors to back health care overhaul -
Insurer Pacific Life Sees AIG Hangover, Policy Sales Strong -
'Strictly Come Chancing'-Saturday Night 'Sneak-In' Thieves on the Rise Warns Swinton Insurance -
Insurers Go Green and Turn Off Paper Statements -
ENDING INSURANCE COMPANIES' CONTROL OF THE MARKET -
Hawaii Pacific Health, Humana sign agreement


Discuss this news
Click Here to see all comments