News From Press Life insurance companies report over 100% growth in May 2022

Life insurance companies report over 100% growth in May 2022

Source: Financial Express Jun 11, 2022

Life insurance companies reported high growth in annual premium equivalent (APE) during May 2022. This was primarily on account of low base figures for the month of May 2021 that was affected by a severe Covid strain. Over a longer time frame of 3 years, the APE for life insurance seems to be showing an annualised growth of about 13 per cent.

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