News From Press LIC effect: Life insurers' February new business premium rises 22%

LIC effect: Life insurers' February new business premium rises 22%

Source: BS Mar 8, 2022

After muted showing in December and January because of the third wave of the Covid-19 pandemic, life insurance companies reported impressive growth in new business premium (NBP) in February, driven mainly by initial public offering-bound Life Insurance Corporation (LIC) of India’s sharp jump in NBP in the same period, fuelled by 40 per cent growth in group single premiums.

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