New Business Stats [April to Oct 04]
Insurer- Life (Rs. - Crores)
Insurer
Premium
Market Share
ICICI-PRU
568.38
5.71
BIRLA SUN
286.08
2.87
BAJAJ ALNZ
235.38
2.37
SBI LIFE
219.74
2.21
LIC
8005.75
80.44
Insurer- Non Life (Rs. - Crores)
Insurer
Premium
Market Share
ICICI-LOM
500.15
4.68
BAJAJ ALNZ
466.63
4.37
PUBLIC SEC
8696.94
81.40

FUSION IN INSURANCE BECOMES REALITY- STRATEGIC ALLIANCE "MOU" SIGNED BETWEEN NATIONAL (GIC) & BIRLA SUN (LIC) IN DEC 04
F Y 2004-05 RESULTS [No. 1 & 2]
ALL FIGURES UP TO JUNE 2004
Insurer Non
Life
Premium (Rs.)
Crores
Market Share
GROWTH - Prev. Yr. Corespndg Period
ICICI-LOMB
220.48
4.53
74.77
BAGICL
210.31
4.32
76.66
INSURANCE MUSCLE - ECONOMY BULL NAMED "LIC"
LIC PLANS TO ADD Rs. 10,000 CRORES TO IT's Rs. 25,000 CRORE EQUITY PORTFOLIO [ Market Value Rs. 50,000 Crores appox.]

The insurance behemoth is one of the key movers of the Share Bazaar.
Delhi's Street Lights (30,000 nos.) To Be INSURED - Delhi Govt.

RESULTS (prov.) FY 2003-2004
in crores
PVT NON LIFE PLAYERS

Gross Premium Underwritten
No. 1
ICICI LOMBARD- Rs. 506.72
No. 2
BAJAJ ALLIANZ-
Rs. 476.31

PUBLIC SECTOR NON LIFE PLAYERS
No. 1
NEW INDIA - Rs. 4028.32

RESULTS (prov.) FY 2003-2004
in crores
PVT LIFE PLAYERS
Ist Year Premium Underwritten
No. 1
ICICI PRUDENTIAL- Rs. 750.91
No. 2
BIRLA SUNLIFE-
Rs. 449.86

PUBLIC SECTOR -LIFE PLAYER

LIC OF INDIA - Rs. 16284.68


IRDA Directs United India to withdraw - Uni Industry Care Insurance Policy :June-04
PVT LIFE PLAYER- No.1
ICICI PRU - Rs. 750.91 Cr.

PVT NON LIFE PLAYERS- No. 1
ICICI LOMBARD- Rs. 506.72
LIC Loses grip over cities, thrives
in villages- 1st Year Premium
income dips by 11.7%
-HT news
WALK-IN-CLAIM CLEARANCE CAMPAIGN - UNITED INDIA INSURANCE - 21 June to 9 July 2004
THE BUDGET EFFECT
* IMPOSITION OF SERVICE TAX ON INSURANCE PREMIUM - WOULD MEAN- HIGHER PRICE FOR BUYERS
&
HUGE INVESTMENT OF INSURERS ON COMPUTER APPLICATION SOFTWARE TO INCORPORATE THIS CHANGE.

* HIKE IN FDI ( FOREIGN DIRECT INVESTMENT) - WOULD MEAN - MORE INFLOW OF FUNDS
&
FOREIGN PARTNERS COULD INCREASE THEIR STAKES UP TO 49 % AGAINST 74:26 FORMULA.


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