NEW DELHI, Apr 27: Reflecting the slowdown in the non-life insurance industry, growth in gross premium income of country’s largest private insurer ICICI Lombard fell to 12 per cent in 2013-14 from 19 per cent in the year-ago period.
The premium income of ICICI Lombard General Insurance Company at the end of fiscal ending March, 2014 stood at Rs 7,134 crore, a growth of about 12 per cent.
In 2012-13, the gross premium collection had gone up by 19 per cent to Rs 6,420 crore.
The net premium income rose 8.58 per cent to Rs 4,353 crore during 2013-14.
The net premium income from the fire insurance stood at Rs 153 crore, up from Rs 138 crore in the previous year.
In the marine insurance category, the premium income shot up by 78 per cent to Rs 157 crore in 2013-14, from Rs 88 crore in the previous year.
As regard the life insurance business, ICICI Prudential Life’s annual premium fell to Rs 3,444 crore, from Rs 3,532 crore in 2012-13. (PTI)
Follow our WhatsApp channel