Term Life Insurance – Private Insurers Dominate with 33%.

The Premium income of the country’s term life insurance sector has doubled in five years between 2000 and 2004. With the private sector players gaining their strong foothold in the life insurance business, the private sector life-insurers maintained their dominance with 33 per cent growth in 2004. The annual report of the term life insurance company said that the rise in premium income of private sector life insurers was the result of expansion of life insurance business in the country through introduction of micro insurance.