FRANCHISE TRADE NOW OPEN AN ACCOUNT GLOBE E-KYC
Insurance News
Prev Next
Life Insurance Companies new business premium up 25% in Sep at Rs 20,893 crore
12-Oct-2017 (09:40)

India's life insurers clocked new business premium of Rs 20,892.7 crore in September this fiscal, witnessing a rise of 24.6 per cent from a year ago, data from Irdai showed.

All the 24 life insurance companies in the country had collected new premium of Rs 16,767.41 in September 2016, the Insurance Regulatory and Development Authority of India (Irdai) data showed.

Of these, LIC, the largest and the sole state-owned life insurance company registered an increase of 37.6 per cent in September this fiscal, its new premium at Rs 15,302.99 crore. It had collected premium of Rs 11,117.48 crore in the same month a year ago.

For the private sector life insurance players, however, the total premium during the month witnessed a decline of 1 per cent against Rs 5,649.92 crore in the year ago period.

Among the 23 private sector companies, SBI Life reported a decline in its new premium at Rs 817.81 crore in September 2017, from Rs 1,279.05 crore a year ago.

ICICI Prudential Life's premium grew 14.9 per cent to Rs 745.73 crore; HDFC Life Rs 1,119.04 crore, up 24.7 per cent; Max Life Rs 396.63 crore, up 24 per cent; DHFL Pramerica Life Rs 118.38 crore, up 64.8 per cent while Bajaj Allianzs new premium jumped 90 per cent to Rs 841.19 crore.

Birla Sun Life reported a decline in new premium at Rs 359.45 crore, down 21 per cent and Sahara Life's new business fell by 95 per cent at Rs 17 lakh against Rs 3.14 crore in September 2016.

Cumulatively during April-September period of this fiscal, the total premium collected by all the insurers rose by 20.7 per cent to Rs 92,065.36 crore from Rs 76,236.16 crore in the year ago period.

LIC's July-September premium was up by 23.7 per cent to Rs 68,224.29 crore from Rs 55,163.17 crore.

Private sector companies reported a rise of 13.1 per cent in their cumulative premium collection at Rs 23,841.06 crore from Rs 21,072.99 crore in the same period year ago.
Reliance General Insurance files DRHP with Sebi for IPO
09-Oct-2017 (17:22)
PNB MetLife Insurance appoints Ashish Kumar Srivastava as MD, CEO
09-Oct-2017 (16:57)
SBI Life Insurance shares slip below IPO price
06-Oct-2017 (09:49)
GIC Re IPO to open on October 11; price band fixed at Rs 855-912
04-Oct-2017 (10:27)
SBI Life Insurance lists on bourses at Rs 733, loses 3%
03-Oct-2017 (15:40)
IndiaFirst Life Insurance aims to be among top 10 insurers in few years
03-Oct-2017 (12:10)
Government may list only 2 insurers on exchanges this year
03-Oct-2017 (09:51)
LIC's surplus payout to government rises 16% to Rs 2,207 crore in FY17
30-Sep-2017 (09:33)
Insurance sector undergoing disruptions in function, trend to accelerate: says Assocham Report
25-Sep-2017 (09:54)
IRDAI panel to boost policyholder protection, implement Risk-Based Capital
24-Sep-2017 (15:54)
SBI life Insurance IPO subscribed 3.58 times on concluding day
23-Sep-2017 (09:51)
Decision on Private Equity investing in insurance firms in a month: IRDAI chief
23-Sep-2017 (09:49)
SBI Life Insurance IPO sails through on institutional demand
22-Sep-2017 (19:33)
Connect with us :   
Globe
About us
Our Services
Milestones
Memberships
Core Values
Investor Relations
Product & Services
Broking
Institutional Broking
PMS
Clearing Services
Distribution
Research
Depository
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
Back Office
Back Office
CMS
CMS-TM
KYC/KDC Status
Mutual Fund
CAMS
RMS Policy
Helpdesk
Download Forms
Useful Links
BSE
NSE
SEBI
RBI
MCX
NCDEX
Exchange Holidays
Policies, Procedures, Rights, Obligations and RDD
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language
In case of any grievances pleae write to
Investor_trading@globecapital.com /  igr@globecapital.com (For Trading)     globedp@globecapital.com (For DP)    Investor_pms@globecapital.com (For PMS)     
commigr@globecapital.com (For Commodities)
SEBI Regn. No. NSE.:INB/INF/INE 230663732, TM No.:06637, Clearing No.- M50302 | SEBI Regn. No. BSE.:INB/INF/INE 010663731, Clearing No.- 3179 | SEBI Regn No. MSEI :INB/F 260663738, INE 260663732, TM Code-1004, Clearing Member Code- 4 | USE SEBI Regn no. - INE 270663732 , CM code: 06637 | SEBI Regn for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | Research Analysts Regn No. INH100001187 | PMS Regn No. INP000002361
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2008 Certified) Privacy Policy Disclaimer Terms and Conditions