Business And Markets

Life Insurance Growth Slow

Life Insurance Growth Slow
Life Insurance Growth Slow

Insurance companies sold nearly 18 million life insurance policies in the four months of the current fiscal year that started in March, up 17.79% year-on-year.
Life insurance accounted for 15.83% in the four-month portfolio. Insurance companies generated 50.2 trillion rials ($184.5 million) in life insurance premium, data released by the Central Insurance company of Iran showed.
Insurers paid 15.2 trillion ($55.8 million) in claims during the period, up 30% year-on-year, for 307,165 cases. The payout ratio in the category was 30%.


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