Insurance in Australia Current Affairs, GK & News

19 insurers remained profitable in 2015-16

IRDAI’s annual report has stated that out of 24 life insurance companies, only 19 insurers remained profitable in 2015-16. The life insurance industry has reported a profit of 7,415 crore rupees in 2015-16. The inflation-adjusted insurance premium in India increased by 7.8% and the non-life insurance sector has seen a growth of 8.1% during 2015. ..

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