News From Press Life insurance industry bucks recent slump, registers 21% growth in February

Life insurance industry bucks recent slump, registers 21% growth in February

The NBP which is a key metric to gauge the performance of life insurer grew to Rs 22,425.21 crore in February for India’s 24 life insurers, compared with Rs 18,533.19 crore in the same period last year, latest data from Insurance Regulatory and Development Authority (IRDA) showed.

The Economic Times Mar 9, 2021

India’s life insurance sector registered a strong new business premium (NBP) growth of 21% in February, bucking its recent trend where it registered either tepid or negative growth since November. The NBP which is a key metric to gauge the performance of life insurer grew to Rs 22,425.21 crore in February for India’s 24 life insurers, compared with Rs 18,533.19 crore in the same period last year

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