Life Insurance Premium Income Up 50%, CII Says

Insurance companies reported 50% growth in the life insurance segment in the first eight months of the current fiscal year (started March 2021).
The Central Insurance company of Iran, the regulatory body of the industry, said 34 insurance and life insurance companies collectively generated 109.2 trillion rials ($364 million) from life insurance policies.
Despite the progress, the life insurance segment still has a meager contribution to total premium income accounting for 15.7% of the key sector's portfolio.