News From Press Q2 ushers in better profits for pvt insurers and swift revival for LIC

Q2 ushers in better profits for pvt insurers and swift revival for LIC

Source: Mint Oct 16, 2020

India’s life insurers have had an impressive recovery in the second quarter of FY21. New business premium has grown year-on-year (y-o-y) for private sector insurers after a sharp contraction in the June quarter.

Recovery has been sharper for HDFC Life Insurance Ltd, SBI Life Insurance Ltd, and Max Life Insurance Ltd in the September quarter, while ICICI Prudential Life Insurance Ltd continues to lag.

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