Life insurance growth to double
New
Delhi,
Sep
19,
2007
:
India"s
life
insurance
market
has
grown
rapidly
over
the
past
six
years,
with
new
business
premiums
growing
at
over
40pc
per
year.
Total market premiums are likely to more than double during this period, from about 40 billion dollars to 80-100 billion dollars. This implies a higher annual growth in new business annual premium equivalent or APE of 19pc to 23pc during the period between 2007 and 2012.
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Story first published: Wednesday, September 19, 2007, 18:01 [IST]