Insurers' new biz grows 22 pc in Apr-Nov

 
The industry mopped up Rs 45,337 crore during the same period last fiscal, according to IRDA data. The market share of LIC among 23 players in the sector jumped to 66 per cent at Rs 36,448 crore during the first eight months of 2009-10, from Rs 25,219 crore during the same period last fiscal. However, the private life insurance industry has registered a decline of 6 per cent. The 22 private insurers have collected Rs 18,905-crore first year premium during April-November this fiscal, compared to Rs 20,116 crore during the same period last year.ICICI Prudential was the worst hit as its premium declined 28 per cent at Rs 3,031 crore in the first eight months of the current fiscal from the corresponding period last year.

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