Dear Sir / Madam,

Link-K Monthly Bulletin – February 2019

SBI General Insurance reported a 53 percent rise in net profit at Rs. 89 crore for the quarter ending December. Its net profit was Rs. 58 crore in the corresponding quarter a year ago, SBI General said in a statement. SBI General recorded its sustainable underwriting profit of Rs. 49 crore in quarter as against an underwriting loss of Rs. 41 crore in the same quarter a year ago.

The health insurance segment has reported a growth of more than 20 per cent in premium collection for the third year in a row. In 2017 – 18, general and health insurance companies collected Rs. 37,029 crore as health insurance premium, registering a growth of 21.8 percent over 2016-17, according to the latest annual report of IRDAI.

LIC has scored better than private insurers in complaint resolutions in FY 18.  According to the IRDAI Annual Report 2017-18, released earlier this month, LIC resolved 100 percent of the complaints while private insurers resolved 99.74 percent of reported complaints in FY 18.
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Thanking you for the opportunity given to serve you,

Yours faithfully

For Link-K Insurance Broker Co. (Pvt.) Ltd

V.P. Mohankumar

Principal Officer and Managing Director