News From Press SBI Life, Tata AIA gains from Reliance Life, Star Union Life income collapse

SBI Life, Tata AIA gains from Reliance Life, Star Union Life income collapse

Source: The Economic Times Sep 21, 2016

Reliance Life, Star Union Life and Aviva Life saw their income from new policy collapse by 60% in April-August 2016 as poor sales of regular premium income policies dragged down the overall business. Their loss translated in to gains for rivals SBI Life, Tata AIA and the Life Insurance Corp. which reported a growth of more than a quarter, data from the regulator shows.

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