Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
New Delhi: The gross direct premium written by non-life insurance companies grew nearly 7% to Rs 14,809.27 crore in June this year, data from sectoral regulator Irdai showed. The 32 non-life insurance companies in the country had reported gross direct premium of Rs 13,842.27 crore in June 2020.
Of these, the 25 general insurance companies registered 4.9% rise in gross direct premium during the month at Rs 13,041.51 crore as against Rs 12,435.71 crore in the year-ago period. The five standalone private-sector health insurers witnessed 46.6% jump in gross direct premium at Rs 1,556.89 crore from Rs 1,061.94 crore in June 2020.
Two specialised PSU insurers– Agricultural Insurance Company of India and ECGC Ltd — reported decline of 38.8% in combined gross direct premium during the month at Rs 210.87 crore from Rs 344.62 crore a year ago.
Cumulatively, the premium written by all the players during April-June 2021-22 was up 13.8% to Rs 44,434.96 crore as against Rs 39,054.82 crore in the same period of 2020-21.