AUM of life insurance companies cross Rs 15 lakh cr in Q1

Total assets managed by life insurance companies went up by 11.38 per cent to cross Rs 15 lakh crore mark in the first quarter of 2011-12. As many as 22 life insurance companies had assets under management (AUM), including equity and fixed income assets, of Rs 15, 04,629 crore in April-June 2011 quarter, data compiled by industry association Life Insurance Council said. The AUM of these players was Rs 13,50,850 crore at the end of the June quarter, 2010.

More...