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  • Question
  • How much percent of life insurer's premium income was grown for the year 2019, as per Insurance Regulatory and Development Authority of India (IRDAI)?


  • Options
  • A. 15%
  • B. 14%
  • C. 13%
  • D. 11%

  • Correct Answer
  • 11% 

    Explanation
    According to the Insurance Regulatory and Development Authority of India (IRDAI) data, after a very low growth phase, life and non-life premium income of insurance companies have registered substantial growth in financial year 2019. Life insurer's premium income grew 11% in FY19 over 2018 and non-life insurance firms witnessed a 13% rise in their total premium income to Rs 1.70 lakh crore in the financial year ended March 2019. 25 are general insurers: whose collective gross premium in 2018-19 was Rs 1.50 lakh crore, up by around 13% from Rs 1.33 lakh crore in 2018. 7 are standalone private sector insurers: they had a rise of 37% in their combined premium to Rs 11,368.82 crore in the financial year ended March 2019, against Rs 8,314.27 crore in 2018. 2 are government-owned specialised insurers: among them, Agricultural Insurance Company of India and ECGC Ltd registered a dip of 7.75% in premium at Rs 8,425.75 crore during the fiscal ended March 2019, as against Rs 9,133.78 crore in 2018.

  • More questions

    • 1. India ranks __________ in Index of Cancer Preparedness.

    • Options
    • A. 19th
    • B. 22nd
    • C. 28th
    • D. 31st
    • Discuss
    • 2. Which nation has decided to end sanctions waivers for all importers of Iranian oil?

    • Options
    • A. Russia
    • B. United Kingdom
    • C. United States
    • D. France
    • Discuss
    • 3. Laurentino "Nito" Cortizo emerged as the President of which of the following country?

    • Options
    • A. Panama
    • B. Cuba
    • C. Belize
    • D. Paraguay
    • Discuss
    • 4. Which country joined with India to produce film on the life of Mujibur Rahman?

    • Options
    • A. Bangladesh
    • B. Pakistan
    • C. Saudi Arabia
    • D. Indonesia
    • Discuss
    • 5. Which ministry launched the Talent Hunt for artists and give them a platform to showcase their talent on the national stage?

    • Options
    • A. Minister of Environment and climate change
    • B. Ministry of culture and tourism
    • C. Ministry of Skill Development and Entrepreneurship
    • D. Ministry of Labour and Employment
    • Discuss
    • 6. The book "Between Two Worlds" - "The Assamese Sikhs" has been authored by whom?

    • Options
    • A. Amrit Lal Nagar
    • B. Aga Shahid Ali
    • C. Abhijit Bhaduri
    • D. Bimal Phukan
    • Discuss
    • 7. The book "The Island of Lost Girls" has been authored by whom?

    • Options
    • A. Kiran Doshi
    • B. Anil Menon
    • C. Manjula Padmanabhan
    • D. Hansda Sowendra Shekhar
    • Discuss
    • 8. The Scientist from this Institute have developed world's Thinnest Material by making usage of Magnesium Diboride.

    • Options
    • A. IIT Indore
    • B. IIT-Guwahati
    • C. IIT Gandhinagar
    • D. IIT Bhubaneswar
    • Discuss
    • 9. This country becomes World's 2nd biggest stock market.

    • Options
    • A. US
    • B. China
    • C. Japan
    • D. Germany
    • Discuss
    • 10. World Poetry Day observed on __________.

    • Options
    • A. 22nd March
    • B. 21st March
    • C. 23rd March
    • D. 24th March
    • Discuss


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