News From Press Life insurers' new business premium spikes 42% at Rs 27,177 cr in Nov

Life insurers' new business premium spikes 42% at Rs 27,177 cr in Nov

Source: Business Standard Dec 8, 2021

Life insurers’ new business premium (NBP) reported stellar performance in November after a poor showing in October, on the back of strong growth in group single premiums for both private insurers and Life Insurance Corporation (LIC) of India. In November, 24 life insurers, including LIC, reported NBP to the tune of Rs 27,177 crore, up 42 per cent year-on-year (YoY) from the year-ago period.

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