News From Press Life insurers' new business premium up 45% at Rs 9,739 crore in April

Life insurers' new business premium up 45% at Rs 9,739 crore in April

The largest insurer, state-owned LIC posted 35.6 per cent rise in the first year premium or new business premium at Rs 4,856.76 crore in April 2021, as against Rs 3,581.65 crore in the year-ago month, the Insurance Regulatory and Development Authority of India (Irdai) said.

The Economic Times May 8, 2021

Life insurance companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday. All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same month a year ago.

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