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%.