News From Press Life insurers witness 4 pc decline in new biz premium to Rs 23,477.8 cr in May

Life insurers witness 4 pc decline in new biz premium to Rs 23,477.8 cr in May

Source: Financial Express Jun 10, 2023

The new business premium income of India’s life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed.All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).

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