News From Press Private insurers gain ground

Private insurers gain ground

Source: Financial Express Sep 28, 2022

Private life insurance companies have gained significant market-share in the individual-policy-buyer business. From 36.5% in FY12, their share has grown to 62.9% in FY22. In contrast, the state-owned insurance behemoth, Life Insurance Corporation of India, lost share in the individual business (from 63.5% to 37.1%).

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