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News From Press Net profits of life insurers rise to ₹8,512 cr in FY18

Net profits of life insurers rise to ₹8,512 cr in FY18

Source: Business Line Jan 11, 2019

The net profit of life insurers increased 10.14 per cent at ₹8,512 crore in the year ended March 2018, compared to ₹7,728 crore in the previous year.

According to the data released in the annual report of IRDAI for the year 2017-18, of the 24 life insurers in operations during 2017-18, 19 companies reported profits. Life Insurance Corporation of India reported a net profit of ₹2,446 crore, registering an increase of 9.62 per cent over the ₹2,232 crore reported in 2016-17.

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