Visit http://indiaer.blogspot.com/ for complete details �� ��
India – Life Insurance (Tougher times ahead):
Annualised premium equivalent (APE) for the private sector declined by 34% MoM in October. First-year insurance premium (FYP) sales for the private sector declined 19% MoM, even as some players, notably ICICI Prudential Life (ICICIPRU) increased focus on single premium products. APE and FYP declined 43% and 19% YoY, respectively, despite the low base of October 2009. Single premium constituted 38% of individual FYP in October 2010, up from 21% in September 2010 and 12% in April-August 2010. APE is likely to show significant decline for the rest of FY11, due to a high base, while decline in FYP sales could be moderate.
I found your blog very informative about insurance policies and plans.
ReplyDelete