News From Press Life insurers' new business premiums grow 4% YoY in June after dip in May

Life insurers' new business premiums grow 4% YoY in June after dip in May

Source: Business Standard Jul 9, 2021

The life insurance industry saw an improvement in premium collection in June after witnessing a 5.5 per cent drop the previous month as economic activities picked up in states amid falling Covid-19 cases.

The new business premium (NBP) of life insurers — 24 in total — rose 3.95 per cent year-on-year (YoY) to Rs 30,009.48 crore.

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