Growth in Insurance Sector.

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....rowth in Insurance Sector. <br>News and Press Release<br>Dated:- 26-8-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 26-August-2011 17:25 IST Growth in Insurance Se....

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....ctor The annual average growth of life insurance industry in terms of total insurance premium is 17.18% for the period 2007-08 to 2010-11.The annual average growth of general insurance industry in t....

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....erms of Gross Direct Premium is 15.92% for the period 2007-08 to 2010-11. The growth in insurance sector is internationally measured in terms of insurance penetration (percentage of insurance premiu....

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....m to Gross Domestic Product) and insurance density (per capita premium determined in US$) of Indian insurance industry. The details are as under: Insurance Penetration (Premium as % of GDP) Year T....

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....otal Business Life Non Life 2005 3.14 2.53 0.61 2006 4.80 4.10 0.60 2007 4.70 4.00 0.60 2008 4.60 4.00 0.60 2009 5.39 4.73 0.66 Insurance Density (Premium per capita in INR) Y....

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....ear Total Business Life Non Life 2005 1039 838 201 2006 1758 1520 238 2007 2133 1849 284 2008 2169 1886 284 2009 2485 2183 302 Note: Insurance density is converted to INR(1 US....

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....$ = 45.7695 INR). Source: IRDA This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha today. DSM/SS/sl<BR> News ....

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....- Press release - PIB....