NICL-AO Exam 2012

Insurance NICL Exam
1266

nicl gross premium in fiscal year 2011-12?? Website is kind of outdated regarding to this information. :S

1267
@Simpatic0 : i think it was 2079 crores
1268
@udayas4 : sure man v'll keep it in mind
1269
@BONNYDUSHYANT bhai pehle kyu nahi mile aap aaj uiic ka bhi acha ho jata yaar
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@Simpatic0 was't it around around 7000 crores something ???? 3rd after NIACL and UIIC
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@ank2asa : bhai agar aisa hai to then i am completely wrong. let me check
1272

thank you Bonny:)..

1273

check the above attachment regarding the gross premium of all the 4 PSUs

1274

today was my uiic interview questions were very general in nature though i replied all very confidently but i guess i missed these points and also this was my 1st interview of life so nothing which i crammed came to but as my rescue all answers were spontaneous and honest but as they say u have to sell urself in interview and i need to learn that art

1275

yeah, target was 8k crore but they didnt achieve it so far. It should be around 7k. Anybody with correct figures, please help.

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@udayas4 buddy what u have attached is specifically for health sector as the attachment says very clearly
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@ank2asa : u were correct it must be in this range only. since in irda website i can see upto december 2011 and till then it was 5000 crores.
1278

http://articles.economictimes.indiatimes.com/2012-07-12/news/32648713_1_nic-national-insurance-general-insurance-industry ... this will clear all doubts ... cram the salient features 😃

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@ank2asa yes exactly.. just now i noticed it... its for health insurance alone..
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http://articles.economictimes.indiatimes.com/2012-07-12/news/32648713_1_nic-national-insurance-general-insurance-industry

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@udayas4 : udaya the file u attached is pertaining to health insurance only. not the complete general insurance
1282

uiic achieved 8000 crore this year , NIACL is the leader of the pack with 10,000 crores , but the thing is they are still loosing money coz of excss claims

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@udayas4 that is for the health insurance sector particularly. But from where did you get it anyway?
1284

@BONNYDUSHYANT buddy what did they asked u in NICL?? anythng from our field ??? in uiic they just asked me how will u get to know if somebody is hacking ur mail account
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NIC has been delivering outstanding business performances in the past two fiscals, quite clearly ahead of competition. The gross premium income for 2010-11 was 6245 crore (with a growth rate of 34%). After generating an accretion of 1599 crore in 2010-11, which was the highest in the history of non-life insurance industry in India, the company further added back-to-back 1571 crore during 2011-12. Gross premium income for 2011-12 was 7816 crore (growth rate 25%). For its excellence in performance in all parameters, NIC was awarded the prestigious NDTV Profit Business Leadership Awards 2011 in the Non Life Insurance Category.