News From Press Life Insurance: Protection policies drive new premium

Life Insurance: Protection policies drive new premium

Source: Financial Express Jul 20, 2018

Private life insurance companies reported 9% growth in individual premium in June 2018, somewhat better than 4% during May 2018. We expect FY19 to be a moderate year for ULIP inflows though focus on the protection business will continue to drive value of new business (VNB) for large players; in that sense, monthly annual premium equivalent (APE) data is incrementally less relevant.

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