As per Analysis of IRDA First Year Premium Income Report on the private life insurance sector saw a decline of four per cent to Rs 30,451 crore during the FY 2010-11.
As many as 10 companies, of the total 22 private players accounting for 36.8 per cent of the total life insurance industry, witnessed a decline in first year premium income. At the end of fiscal 2010-11, the private sector life insurance companies mopped up Rs 30,451 crore, against Rs 31,618 crore in the April-March period of FY 2010-11.