Combined net income at India's five biggest insurers roseyear over year in the fiscal fourth quarter ended March 31, as a jump in netpremiums earned and fee income more than offset a decline in net ordinaryinvestment income and higher expenses.
Net income at the companies — ,ICICI Prudential Life InsuranceCo. Ltd., SBI LifeInsurance Co. Ltd., General Insurance Corp. of India and — rose to44.60 billion rupees from 35.90 billion rupees. Except for NewIndia Assurance, net premium earned and fee income grew at all the insurers in the2015-2016 fiscal year.
As of July 20, US$1was equivalent to 67.16 Indian rupees.
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