News From Press Life insurers report flat growth in Q1, FY24

Life insurers report flat growth in Q1, FY24

Source: ET Jul 11, 2023

Mumbai: The life insurance industry reported a 1% decline in growth of new business premium income during the first quarter of FY2023-24, primarily due to a dip in group regular policies amid muted demand for group superannuation products. Also, the uncertainty surrounding the commission structure contributed to the flat growth.

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