Business growth at Life Insurance Corp. of India (LIC) slowed to a crawl ahead of its initial public offering, even as private-sector rivals have leapt ahead. According to regulatory data, while the state-run insurance giant saw a bare 0.24% growth in new business premium to ₹1.56 trillion in the 11 months of FY22, private life insurers clocked a 24.7% rise to ₹98,213 crore in the same period.
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