19 Mar 2024
Wednesday 13 November 2019 - 15:48
Story Code : 363473

Iran life insurance growth impressive

Financial Tribune - 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.
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