FRANCHISE TRADE NOW OPEN AN ACCOUNT GLOBE E-KYC
Insurance News
Prev Next
ICICI Lombard General Insurance raises Rs 1,625 crore from anchor investors
15-Sep-2017 (09:33)
Life insurance companies' new business premium up 23% to Rs 17,513 crore in August
15-Sep-2017 (09:31)

Life insurers registered a growth of 22.6 per cent in new premium at Rs 17,513.44 crore for August this fiscal.

This compares with Rs 14,282.45 crore as new business premium during August of 2016-17.

India's largest and the only public life insurer Life Insurance Corporation (LIC) recorded a jump of 25 per cent in its new premium collection at Rs 13,382.30 crore during the month as against Rs 10,713.55 crore in the same period year ago, data from Irdai showed.

The private life insurance companies' collective new business premium in August rose 15.8 per cent to Rs 4,131.15 crore, from Rs 3,568.90 crore a year earlier.

ICICI Prudential Life new premium grew a mere 4.8 per cent to Rs 768.19 crore while that of HDFC Standard Life jumped 37.5 per cent to Rs 750.97 crore. Max Life's was up 22.5 per cent at Rs 295.91 crore and Bajaj Allianz Life's Rs 217.31 crore, gaining 13.6 per cent.

Among major private players, SBI Life logged a fall in its new premium collection at Rs 820.33 crore, from Rs 822.28 crore in August 2016, according to the numbers from the Insurance Regulatory and Development Authority of India (Irdai).

Among others, Kotak Mahindra Old Mutual showed a decline of 6.5 per cent in premium income at Rs 199.25 crore in August. In the case of Sahara Life, it was Rs 14 lakh, down 95 per cent from a year ago, while for Bharti Axa Life, it fell to Rs 46.64 crore, from Rs 52.71 crore a year before.

On the cumulative basis, new premium income of all the 24 life insurers went up 19.7 per cent to Rs 71,173.29 crore during April-August of this fiscal.

For LIC, the premium collection in April-August jumped 20.2 per cent to Rs 52,921.31 crore and that of the private sector increased 18.3 per cent to Rs 18,251.98 crore.
Max Life Insurance scouting for business opportunities with insurance companies: MD Rajesh Sud
14-Sep-2017 (16:15)
SBI Life Insurance to launch India's first billion dollar IPO since CIL in 2010
13-Sep-2017 (09:45)
SBI Life Insurance IPO to open on September 20
13-Sep-2017 (09:35)
Open e-Insurance Accounts within 15 days of selling policies: says IRDAI
08-Sep-2017 (09:52)
SBI Life Insurance gets SEBI approval for Rs 8,400 crore IPO
07-Sep-2017 (13:45)
Life Insurance Corporation reduces stake in Raymond by 2.01%
06-Sep-2017 (18:59)
ICICI Lombard General Insurance gets SEBI nod for Rs 6,000 crore IPO
05-Sep-2017 (17:31)
Reliance General Insurance gets IRDAI nod for IPO
05-Sep-2017 (16:06)
Life Insurance Corporation settled claims worth over Rs 1 trillion in FY17
01-Sep-2017 (18:52)
Canara HSBC Oriental Life Insurance unveiled its new product 'PoS - Easy Bima Plan'
29-Aug-2017 (09:58)
Individual agents, marketing firms to soon be part of IRDAI database
27-Aug-2017 (15:24)
LIC buys more shares in FMGC major Nestle India, total stake now at 5%
22-Aug-2017 (19:55)
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