ICICI insurance ventures emerge as leading pvt insurance players
Hyderabad: ICICI's has emerged as the top insurer in the private sector as both the life and non-life insurance companies floated by ICICI such as its alliance with UK-based Prudential Plc and Lombard Canada Ltd respectively have achieved the highest market share among the private sector insurance companies during the first quarter of the current fiscal.

ICICI Prudential, which has underwritten a premium income of Rs 70.24 crore by selling 51,383 policies, has attained a market share of 3.15 per cent while ICICI Lombard has registered a growth of 249.57 per cent, achieving a premium income of Rs 126.15 crore for the quarter ended June 30, compared to Rs 36.08 crore in the corresponding previous period. It currently enjoys a market share of 2.94 per cent.

Among life insurers LIC enjoys a market share of 89.91 per cent.

Among private life insurers, HDFC Standard came second with 1.55 per cent market share, followed by Tata AIG (1.19 per cent), Birla Sun Life (1.09 per cent), Allianz Bajaj (0.82 per cent), Max New York (0.79 per cent), Om Kotak (0.42 per cent), SBI Life (0.38 per cent), Aviva (0.32 per cent), ING Vysya (0.20 per cent), MetLife (0.11 per cent) and AMP Sanmar (0.08 per cent).

The private non-life players together recorded a growth of 88.19 per cent by posting a premium income of Rs 622.4 crore in the quarter ended June 30, compared to Rs 330.73 crore earlier.
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