INSURANCE PLAYERS
LIFE
Life Insurance Corporation of India
- Minimum period for accrual bonus is reduced
from 5 years to 3 years.
- Surplus arising out of the actuarial valuation of its assets and liabilities stood at Rs 8637.50 crore in
2001-02.
- Rs 8205.62 crore or 95 percent of the profit
in for 2001-02 will be distributed among policy holders.
- Rs 431.88 crore or 5 percent of the profit
will go to the federal kitty as dividend for 2001-02.
- Number of in-force policies under individual
assurance and individual pension plans stood at 128.1 million against 113 mn
in 2000-01. Final (additional) bonus rate for 2001-02 fiscal range
between Rs 25 and Rs 1400 against Rs 25 to Rs 1250 in 2000-01.
SBI Life Insurance Co. Ltd
Allianz
Bajaj Life Insurance Co. Ltd
Om Kotak Mahindra Life
Insurance Co. Ltd
ICICI Prudential Life
Insurance Co Ltd
HDFC Standard Life
Insurance Co. Ltd
Birla Sunlife Insurance
Co. Ltd
ING Vysya Life
Insurance Co. Ltd
Tata-AIG Life Insurance
Co.Ltd
Metlife India Insurance
Co. Pvt. Ltd
AMP Sanmar Assurance
Co. Ltd
Dabur CGU Life
Insurance Co. Pvt. Ltd
Max New York Life
Insurance Co. Ltd
NON-LIFE
National Insurance Co.
Ltd
New Indian Assurance
Co. Ltd
Oriental Insurance Co.
Ltd
- Incurred Rs 235.66 crore loss in 2001-02
against profit of Rs 74.18 crore in 2000-01.
- Loss in motor third party portfolio stood at
Rs 246.4 crore.
- Pending cases in third party claims stood at
2.22 lakh.
United India Insurance
Co. Ltd
Tata AIG General
Insurance Co. Ltd
Bajaj Allianz General
Insurance Co. Ltd
IFFCO Tokio General
Insurance Co. Ltd
ICICI Lombard General
Insurance Co. Ltd
Reliance General
Insurance Co. Ltd
Royal Sundaram Alliance
Insurance Co. Ltd
REINSURER
General Insurance
Corporation of India
- Underwriting losses were up 55 percent at Rs
517 crore in 2001-02.
- Motor Insurance losses stood at Rs 541 crore
in 2001-02.
- Foreign inward business losses totalled Rs
86 crore in 2001-02.
- Premium income stood at Rs2671 crore against
Rs 2187 crore in 2000-01.
- Investment income up at Rs 959 crore in
2001-02 against Rs 858 crore in 2000-01.
- Crop insurance business stood at Rs 145
crore.Foreign inward business at Rs 176 crore against Rs 49 crore in
2000-01.
- Premium on motor portfolio was up at Rs 842
crore in 2001-02 against Rs 767 crore in the previous year.
- Marine income was at Rs 156 crore in 2001-02
compared with Rs 191 crore.
TOP