Object reference not set to an instance of an object. Online Stock Broker - Stock Broking, Best Share Bazaar Brokers In India
Close
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c


Thank you for showing your interest .
Our representative will get in touch with you shortly.
x
Terms and Conditions

Please note that by submitting the contact details, you are authorizing SMC Global Securities Ltd. to contact you and send promotional communication even though you may be registered under National Do Not Call Registry established under the Telecom Unsolicited Commercial Communications Regulations, 2007 or registered or may register under the National Customer Preference Register established under new regulation viz the Telecom Commercial Communications Customer Preference Regulations, 2010.

Budget News

  • Life insurance companies report 3% YoY growth in new business premiums in August
  • September 08,2021  09:18

  • After witnessing a double-digit contraction in new business premium (NBP) in July, life insurers are back in the green again, witnessing a marginal year-on-year (YoY) growth of 3% in NBP in August, owing to a strong performance by the private insurers.

    In July, life insurers reported an 11% YoY drop in NBP while in June they managed to report a 7.53% increase in NBP, following a dip in May due to the second wave of the pandemic.

    The life insurance industry reported NBP to the tune of Rs 27,820.74 crore in August, up 2.88% YoY, despite a 3.8% YoY contraction reported by state insurance behemoth -- Life Insurance Corporation (LIC) -- in NBP as private insurers posted 21% YoY growth in NBP. NBP is the premium acquired from new policies in a particular year.

    Private insurers, 23, earned Rs 8,859.97 crore in NBP in August 2021 compared to Rs 7,325.58 crore in August 2020, and Rs 6,440.65 crore in August 2019. On the other hand, LIC earned NBP to the tune of Rs 18,960.77 crore in August 2021 compared to Rs 19,714.21 crore in the same period last year and Rs 17,114. 32 crore in August 2019.

    Among top private insurers, apart from HDFC Life, which saw 6% YoY decline in NBP in August, SBI Life, ICICI Prudential, and Max Life saw their NBP rise by 23.9%, 43%, and 16.5% respectively.

    Compared to the pre-pandemic period (August 2019), NBP of the life insurance industry witnessed an 18% increase, with LIC NBP growing by 10.8% and private insurer's NBP posting a stellar growth of 37.56%.

    On a year-to-date (YTD) basis, the life insurance industry saw a marginal 1.63% YoY growth in NBP to Rs 1 trillion . While LIC's NBP till August totaled Rs 66,592.38 crore, down 6.6% YoY, private insurers saw their NBP rise 23% YoY to Rs 34,388.33 crore.

    In the first quarter of FY22, the premium collection of the life insurance industry was up almost 7% to Rs 52,725.26 crore YoY, aided by a stellar 33.73% growth registered by the private insurers. However, LIC's NBP in Q1FY22 declined 2.5% YoY to Rs 35,600.68 crore.

    Powered by Capital Market - Live News

  • Related News
    • No Data Found
Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram

Disclaimer:

SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Stock Market Directory
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Mutual Fund Directory
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Commodity Directory
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Glossary Directory
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
ADVISORY FOR INVESTORS
ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing for IPO. Just write the bank account number and sign-in the application form to authorise your bank to make payment in case of allotment. No worries of refund as the money remain in the investor's account.
For Rights and Obligation, RDD, Guidance Note in Vernacular Language Click Here.
JagoGrahakJago Stock Market NSE
Copyright ©2016-2024 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory

dsfdsf
Thank you for showing your interest .
Our representative will get in touch with you shortly.
x
SMC Online logo white backgound
 
Date & Time -