Business growth of life insurers was yet again impacted in the month of May due to the economic fallout induced by the coronavirus pandemic as the insurance industry saw a 25.3 percent year on year contraction in new business premium whereas the fall in new business in the two months of FY21 was at 30.7% against the same period last year.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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