Page 55 - Insurance Times April 2017 Special Issue on Newindia

PARTICULARS Remarks Unit 2013-14 2014-15 2015-16
Equity Share Capital including GIC As on 31st March (Rs. Crore) 10240 11504 12603
Commission expenses FY (Rs. Lakh) 539627 521200 581078
Operating expenses related to Insurance business FY (Rs. crore) 16251 20206 23230
Operating profit/(Loss) FY (Rs. Lakh) 242607 184785 (90402)

Income from investments FY (Rs. Crore) 14319 16607 19090
Profit after tax (Industry Total) FY (Rs. Lakh) 464906 463913 323848
REDRESSEL OF CONSUMER GRIEVANCES
No of grievances reported during the year 63736 60688 59083
No. of complaints reported with the Ombudsmen at 9627 7145 8920
difference centres
*values in brackets are negative

COMMISSION EXPENSES : NEW POLICIES ISSUED:

LIFE INSURERS LIFE INSURERS

(Rs crore) (Rs lakh)

Insurer 2013-14 2014-15 Insurer 2013-14 2014-15
Regular (1) LIC 345.12 201.71
LIC 8458.94 6293.44 (-6.17) (-41.55)
Private Sector 3040.05 3003.18 Private Sector 63.6 57.37

Total 11498.99 9296.62 (-14.11) (-9.79)
Single Premium (2) Total 408.72 259.08
LIC 297.33 264.37 (-7.50) (-36.61)

Private Sector 42.65 40.2 Note: Figures in brackets indicate growth(in percent) over
Total 339.98 304.57 previous year.
First Year (3 =(1+2)) Articles/Feedback Invited

LIC 8756.26 6557.81 We invite articles on Life Insurance, General insurance,
Risk Management or any other related topics on
Private Sector 3082.7 3043.38
insurance for publication in our journal The Insurance
Total 11838.96 9601.19 Times and Life Insurance Today.
You may also send your feedback on the current scenario
Renewal (4)
of Insurance Industry in form of Letters to Editor Column.
LIC 8006.62 8560.33 If you come across any important caselaws that we
might have missed or any other news item of importance,
Private Sector 1000.79 1299.16
please send us by mail/post for publication.
Total 9007.41 9859.49 We also invite your suggestions and feedbacks for
inclusion of new topics in the journal which you would
Total (5 =(3+4)=(1+2+4))
like us to cover. You can also post comment on Facebook
LIC 16762.88 15118.14 at https://www.facebook.com/bimabazaar and
www.facebook.com/SashiPublications or on twitter at
Private Sector 4083.49 4342.54
https://twitter.com/bimabazaar
Total 20846.37 19460.68 - Editor

The Insurance Times, April 2017 55

Copyright@ The Insurance Times. 09883398055 / 09883380339