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eServe Newsletter August 2015
ICICI Lombard
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 Two Wheeler Insurance |
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eSeve now provides ICICI Lombard general insurance service.
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Life Insurance Corporation (LIC)
Life Insurance Sector Likely to Grow 12-15% in FY16
India's life insurance industry is likely to grow by 12 to 15 per cent in the current financial year due to improved market scenario and the government's push to improve insurance penetration in the country, according to rating agency Icra.
The sector is expected to grow this fiscal on an annual premium equivalent (APE) basis compared to 9 per cent decline in FY15 on the back of improved capital market scenario, initial signs of improvement in economic indicators and stronger thrust by the government, Icra said in a report.
Click to view LIC policies available at eServe...
(Read article. Source: profit.ndtv.com)
LIC will have more products, looking at increasing the overall premium income by up to 15%
This year, LIC is planning to have more products and possibly a stronger distribution team. LIC is clear that they need to increase coverage in financial year 2016. It would mean the number of policies will increase. LIC will be present in all segments of life insurance. There are IT-related issues linked to efficient ULIP monitoring. LIC would like to launch a ULIP.
Click to view new LIC products...
(Read article. Source: economictimes.indiatimes.com)