According to Bajaj Finserv, a major private insurance player, the market equity share of private sector life insurance companies has increased to 39.2 per cent during 2008-09 as against 36.4 per cent of 2007-08. In addition, new business premium for the industry as a whole was around Rs 87,108 crore compared to Rs 92,989 crore the year before, the company said.
The private sector companies grew slightly by one per cent in 2008-09, whereas LIC reported a negative growth of 10.5 per cent.
"Accordingly, the market equity share of private players increased from 36.4 per cent last year to 39.2 per cent in 08-09", the company said.
The private sector companies grew slightly by one per cent in 2008-09, whereas LIC reported a negative growth of 10.5 per cent.
"Accordingly, the market equity share of private players increased from 36.4 per cent last year to 39.2 per cent in 08-09", the company said.
