News From Press LIC's market share drops to 59% till September from 68.7% in a year

LIC's market share drops to 59% till September from 68.7% in a year

Source: Business Standard Oct 10, 2023

The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022 -- a drop of 975 basis points -- owing to shortcomings in the product and distribution side of business.

However, the market share saw a marginal uptick from the 57.37 per cent recorded in August this year.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Can energy-focused mutual funds power up your investment portfolio?

Mutual fund NAVs of most thematic, sectoral NFOs below issue prices: What should investors do now?

RBI set to cut rates soon: Which debt mutual fund should you invest in now?

7 mutual fund NFO’s will open for subscription this week

Demand for super top-up health insurance plans rises after Covid pandemic

Your Questions Answered: I’m looking to invest in Silver ETFs — What could be the pros & cons?

Domestic mutual funds hold the match to GIFT IFSC's listing fire

Valuations in Indian markets have become reasonable: Mirae's CIO Surana

Mutual funds take a hit but still 80% of equity funds fare better than the benchmarks

RBI nod for Central Bank of India’s insurance foray in JV with Future Generali

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS