Unit-linked insurance products (Ulips) saw a rise in market share in FY15, said the Insurance Regulatory and Development Authority of India (Irdai) Annual Report for 2014-15. The regulator said that Ulips registered a growth of 10.85 per cent in premiums from Rs 37,544.08 crore in 2013-14 to Rs 41,616.94 crore in 2014-15.
The growth in premium from traditional products was 3.51 per cent, (Rs 2,86,484.20 crore in 2014-15 as against Rs 2,76,757.58 crore in 2013-14). Accordingly, the share of Ulips in total premium increased to 12.68 per cent in 2014-15 as against 11.95 per cent in 2013-14.
