Insurance industry grows 11.35% in April-Sept

[abhijeet06]

The life insurance sector has grown by around 13 per cent in the first half of 2009-10, according to Insurance Regulatory and Development Authority.

The non-life segment witnessed a growth of around 8 per cent with a total premium underwritten by the general insurance companies at Rs 16,819 crore (Rs 15,571 crore in the year-ago period).

Why always, Life Insurance growth is more than General Insurance growth?

Are people are not insuring their car?

[Master]

Why always, Life Insurance growth is more than General Insurance growth?

Still penetration of Life Insurance is more in India. Plus people are still looking for return of money after coverage is over, which General Insurance won't provide.

Are people are not insuring their car?

Its mandatory, but people go for third party cover Only, for 4-5 year old cars.