News From Press Lives covered under group schemes fall sharply this fiscal

Lives covered under group schemes fall sharply this fiscal

In April-Oct, lives covered declined to 6.8 crore from 11.5 crore last year

The Business Line Nov 24, 2020

After a robust growth in recent years, lives covered under group schemes saw a sharp decline this fiscal for most players, according to data put out by IRDAI. In the April-Oct period, the total number of lives covered under group schemes for all life insurance players declined by 40.6 per cent to 6.8 crore lives from about 11.5 crore in the same period last year.

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