Great execution of ICICI Lombard, New India, Oriental Protection and Bajaj Allianz, pushed the general protection industry development to 16% in April-February of '06. The 12 non-life players together wiped up Rs 18,414 crore in premium till February last financial even as National Protection (NIC) and Dependence General kept on seeing decrease good to go, consistent with information accumulated by IRDA.
Market pioneer New India Certification gathered Rs 4,281 crore in first year premium by logging 15% development to corner 23.3% of the business. Kolkata-based NIC was at second spot regardless of seeing 6.5% decrease in premium wage at Rs 3,202 crore and had a business sector pie of 17.4%. Delhi-based Oriental Protection was close behind NIC by gathering Rs 3,200 crore in premium and a piece of the overall industry of 17.4%. United India Protection developed by simple 5.7% to gather 15.4% of the business after it gathered Rs 2,839 crore in premium.
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