General Insurance Corp Of India operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares General Insurance Corp Of India with three other
companies in this sector in India:
Bajaj Finserv Limited
(2019
sales of 426.06 billion Indian Rupees [US$5.96 billion]
of which 57%
was Insurance),
Sbi Life Insurance Company Ltd
(446.68 billion Indian Rupees [US$6.25 billion]
of which 49%
was Segment J - Linked Individual Life), and
Icici Prudential Life Insurance Company Ltd
(414.72 billion Indian Rupees [US$5.80 billion]
of which 66%
was Linked Life).
Sales Analysis.
General Insurance Corp Of India reported sales of 446.67 billion Indian Rupees (US$6.25 billion)
for the
fiscal
year ending
March of 2019.
This
represents
an
increase of 2.5%
versus 2018, when the company's sales were 435.84 billion Indian Rupees.
Sales at General Insurance Corp Of India have increased during each of the previous five years
(and since 2014, sales have increased a total of 162%).
Sales of Marine Insurance saw an increase
that was more than double the company's growth rate: sales were up
42.3% in 2019, from
8.67 billion Indian Rupees to 12.34 billion Indian Rupees.
General Insurance Corp Of India also saw significant increases in sales in
Fire (up 13.5% to 83.73 billion Indian Rupees)
and
Life (up 27.0% to 4.86 billion Indian Rupees)
.
Not all segments of General Insurance Corp Of India experienced an increase in sales in 2019:
sales of Miscellaneous Insurance fell 4.8% to 281.58 billion Indian Rupees.