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Insurance Life insurance premium income up 9% in April-November

Life insurance premium income up 9% in April-November

Source: Economic Times Dec 16, 2015

The life insurance industry reported 9% increase in overall annual premium equivalent in April-November, mainly due to volatile market conditions.

The growth by supported by good show by large private sector companies. In the period, overall APE- a measure to normalise policy premium into the equivalent of regular annual premium- including individual and group business for private players was up 16% to Rs 1,25,563 crore and Life Insurance Corporation up 4% to Rs 1,50,456 crore.

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