Page 2 - Insurance Premium

Tata AIA Life expects total premium income to cross Rs 14,000 cr in FY22

Tata AIA Life Insurance's total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said. The industry growth for the first 10 months of the year has been about 20 per cent mainly because of the base effect and if you look at the growth of the company, it is about 32 per cent on weighted new business premium, Naveen Tahilyani, MD & CEO, Tata AIA Life Insurance Co Ltd, told PTI in an interaction. The life insurer had earned a total premium income of Rs 11,105.09 crore in 2020-21. "We grew at 32 per cent in the first nine months of this fiscal and close to 40 per cent in the first ten months of the year. So, I expect to close the year with about 35 per cent business growth in new business premium and about 30 per cent growth in total premium. Our total premium should certainly cross Rs 14,000 crore this year," Tahilyani said. He said the awareness towards buying insurance has increased post-Covid. However, the .

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Allowing your life insurance policy to lapse carries a very high cost

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Protect yourself from these common mis-selling ploys insurance agents use

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New premium income of life insurers up 42% at Rs 27,177 cr in Nov: Irdai

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Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium

Soon, regular yoga will get you a discount on your insurance premium

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Compensate for damage due to natural calamity

The National Commission observed that the melting of snow caused discharge of water in the river, causing the tank's collapse. This was a peril under the policy

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This is significant as the cargo insurance market had declined by close to 8 per cent in FY21

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Reinsurance rates hiked by upto 40%; Premiums may increase by 30%

Coverage ends when goods reach destination

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As many as 50 players have set up shop but penetration remains low and only a handful dominate the business

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In the April-July period of FY22, the health portfolio has grown 34.2 per cent, which is significantly higher than the 9.9 per cent growth seen in the same period last year