{"id":529,"date":"2019-08-13T11:18:28","date_gmt":"2019-08-13T11:18:28","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=529"},"modified":"2025-01-31T10:35:54","modified_gmt":"2025-01-31T10:35:54","slug":"section-03-industry-business-highlights","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=529","title":{"rendered":"Section 03: Industry Business Highlights"},"content":{"rendered":"\n<div style=\"float: left; width: 80%\">\n\t<h2 style=\"font-size: 25px; font-weight: bold; line-height: 40px; padding-bottom: 50px;\"><b>Industry Business <br> Highlights<\/b><\/h2>\n\t<ul style=\"padding: 0 120px 50px 0;line-height: 35px;\">\n\t\t<li style=\"font-size: 16px;\">\nTotal Gross Direct Premium Income (India &#038; Abroad) stood at \u20b9 2,92,712 Crores, a 12.40% growth from FY 2023-24. \n<\/li>\n\t\t<li style=\"font-size: 16px;\">\nThe share of Gross Direct Premium Income via Brokers has grown by approximately 34.7% over the previous year.\n<\/li>\n\t\t<li style=\"font-size: 16px;\">\nNet commissions also exhibited continued uptrends, with growth figures reaching approximately 10%. \n<\/li>\n<li style=\"font-size: 16px;\">\nFY 2023-24 has seen a significant increase in claims. This has affected profitability. Gross Incurred\nClaims ratio increased to 73.0% for the current financial year as against 71.1% in the previous year.\n<\/li>\n\n\n\n<li style=\"font-size: 16px;\">Industry Investment Incomes have also posted continued growth:\n\n<ul>\n<li>1. Investment income pertaining to policyholders was \u20b9 35,242 Crores in FY 2023-24, representing a CAGR of around 12.3% p.a over a 10-year period.<\/li>\n\n<li>2. Investment income pertaining to shareholders was \u20b9 8,678Crores in FY 2023-24, representing a CAGR of 7.9% p.a. over a 10-year period.<\/li>\n<\/ul>\n\n<\/li>\n\t<\/ul>\n<\/div>\n<div style=\"float: right; right: 0px; margin-right: 8%; position: absolute;\">\n\t<h1 style=\"font-size: 120px; text-align: right; padding-top: 80px; padding-right: 20px; font-family: fantasy; color: #ef4143;\">03<\/h1>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry Business Highlights Total Gross Direct Premium Income (India &#038; Abroad) stood at \u20b9 2,92,712 Crores, a 12.40% growth from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":26,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/529"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=529"}],"version-history":[{"count":44,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/529\/revisions"}],"predecessor-version":[{"id":4157,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/529\/revisions\/4157"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/26"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}