new delhi the new businesses of the life insurance companies grew 22 to rs 55355 crore in the first eight months of the current fiscal compared to the corresponding period last year the industry mopped up rs 45337 crore during the same period last fiscal according to irda datathe market share of lic among 23 players in the sector jumped to 66 at rs 36448 crore during the first eight months of 200910 from rs 25219 crore during the same period last fiscal however the private life insurance industry has registered a decline of 6 the 22 private insurers have collected rs 18905crore first year premium during aprilnovember this fiscal compared to rs 20116 crore during the same period last yearprivate insurer icici prudential was the worst hit as its premium declined 28 at rs 3031 crore in the first eight months of the current fiscal from the corresponding period last year the insurer mopped up first year premium of rs 4246 crore in the corresponding period last yearthe countrys largest private life insurer sbi life garnered a first year premium of rs 3523 crore compared to rs 3290 crore last year registering a 7 growth in the first eight months of the current fiscal nonlife or general insurance industry grew 940 in premium collection with staterun players performing better than the private onesduring aprilnovember period this year four public insurers registered a growth of 1105 by mopping up a premium of rs 13127 crore compared to rs 11821 crore during the corresponding period last yearnew india managed to mop up the highest premium at rs 3929 crore in the first eight months of this fiscal on the other hand private players grew 71 during aprilnovember period this year by collecting rs 9075 crore premiumthe worst hit was icici lombard among the private players registering a degrowth of 136 and collecting rs 2135 crore premium in the first eight months of the current fiscalanother big player bajaj allianzs premium also declined by 11 the general insurer mopped up rs 1603 crore premium during aprilnovember period this year compared to rs 1801 crore in the corresponding period last fiscal