Life insurers' premium growth doubles in first quarter, says IRDAI
Saturday, July 14, 2018, 10:52 AM
Premium growth of life insurance players has doubled for the first quarter of this financial year, according to data released by IRDAI. The growth rate in premium revenue for life insurers in the first quarter of 2018-19 touched 10.8 percent, year on year, compared to an annual premium growth rate of 5.6 percent in the first quarter of 2017-18.
Demonetisation changed saving habits of Indians, says finance ministry
Friday, November 10, 2017, 1:10 PM
Demonetisation has brought about a significant shift in saving habits among Indians, with many parking a higher share of their disposable income in bank deposits and market instruments, the government has said. A finance ministry note submitted to a parliamentary panel said gross financial savings in terms of deposits, shares, debentures, insurance funds and pension funds increased by 48% in 2016-17.