<div><em>Quarterly performance shows ‘Individual non-single’ pulling down the performance with nearly half of the lot showing de-growth in core business activity, write <strong>Sunil Dhawan</strong></em></div><div> </div><div> </div><div>The life insurance companies have been able to control the downslide in the first quarter of this financial year. The combined collection for all insurers in the April-May-June, 2015 period stood at Rs 23,568.14 crore as against Rs 19,699.28 crore in the same period last year.</div><div> </div><div>However, it has come largely on the back of Group Insurance business which showed an increase from about Rs 9,500 crore to nearly Rs 14,250 crore. </div><div> </div><div><img alt="" src="http://bw-image.s3.amazonaws.com/LIC-FQ1-lrg.jpg" style="width: 650px; height: 384px; margin: 1px;"><br><br>The important element of life insurance business is the “Individual non-single’ figure that captures the premium collection of regular premium policies including monthly, quarterly, and half-yearly and annual premium. The single premium figures are separated from this addition.</div><div> </div><div>The ‘Individual non-single’ collections shows a decline from Rs. 7010.84 crore in quarter ending June 14 to Rs 6977.12 crore for quarter ending June in 2015. This looks disturbing as the ‘Individual non-single’ in the first quarter ending 2014 had shown an increase over same period of 2013.</div><div> </div><div>Life Insurance Corporation (LIC), the India’s largest life insurer in terms of market share, clocked Rs 3,716.62 crore as against Rs. 4,155.47 crore last year same period. Among the private insurers, only 13 companies out of 23 also showed a growth.<br><br><img alt="" src="http://bw-image.s3.amazonaws.com/tide-lrg.jpg" style="width: 650px; height: 384px; margin: 1px;"></div>
