Investment in insurance sector up 18.6%, growth dips to 19.6%...

Total investments of insurance sector as on March 31, 2009, stood at Rs 9,75,258 crore, recording an increase of 18.61 % over the previous year. While life insurers reported 19.63% increase in investments, non-life insurers registered only a 4.64% growth. In both, life and non-life insurance business, private sector insurers reported larger increase in investments than the public sector ones. This may be owing to a lower base of private sector companies in the previous year. Though total investments have increased, growth in 2008-09 stood at 19.63 %, lower than 26.78% recorded for 2007-08. Both traditional funds as well as ...

More...