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BSLI has posted a 186% rise in new business premium income at Rs 238 cr, while Bajaj Allianz Life has posted BSLI has posted a 186% rise.
Domestic life insurance companies, including. Birla SunLife, Bajaj Allianz Life Insurance, SBI Life, Tata AIG, have posted a subÂstantial growth in their half-yearly performance. Birla Sun Life Insurance (BSLI) has reported a 186% rise in its new business premium income at Rs 238 crore for six months ended September 2004 over the same period in 2003 while Bajaj Allianz Life Insurance has recorded a Rs 190 crore of new business premium in the first six months. BSLI has covered 6.5 lakh lives till date and the total sum assured has crossed Rs 17,900 crore mark, the private life insurer said in a release here on Thursday. |
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Private sector insurance company, SBI Life Insurance has emerged the single largest group policy seller among private players by capturing as much as 10 per cent of the total market till August 2004. |
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Life insurance sounds simple but once one gets down to choosing an insurance company and a policy, things can get really complicated. DEEPA VENKATRAGHVAN spoke to S Krishnamurthy, chief executive officer, SBI Life, on how to take the best decision.. |
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SBI Life Insurance Company recorded a business premium income of Rs. 202 crore in the first six months of FY05, against Rs39.9 crore in the corresponding period of the last fiscal. |
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Private life insurance players do not see a case for hiking foreign direct investment (FDI) in the sector from the current 26 per cent.
Many have indicated apprehension and reluctance to divest additional stake to their foreign partners following the Centre’s proposal to hike FDI to 49 per cent. The views were articulated at Business Standard’s insurance round-table held last Saturday at Taj Mumbai.
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