Business And Markets
0

Iran Life Insurance Growth Impressive

Iran Life Insurance Growth Impressive  Iran Life Insurance Growth Impressive

Insurance companies generated 66 trillion rials ($584 million) from life insurance policies in the last fiscal year (ended March 2019), indicating 42.3% increase compared to the year before. 
As per data released by the Central Insurance of Iran, the share of life insurance from total premium income was 14.5% -- an all-time high.  
But growth in premium income in this category seems to be linked more to higher prices of policies. The above-mentioned sum was generated from 2.12 million life insurance policies, which surprisingly is 11.5% lower than the total life insurance policies issued the year before. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com