News From Press LIC, private insurers lift new biz premium of life insurers by 48%

LIC, private insurers lift new biz premium of life insurers by 48%

Source: Business Standard Mar 9, 2024

Life insurers reported 48 per cent year-on-year (Y-o-Y) growth in new business premium (NBP) in February on the back of the strong increase shown by Life Insurance Corporation of India (LIC), coupled with robust performance by private insurers.
According to the data released by Life Insurance Council, the NBP of life insurance companies came in at Rs 33,913.18 crore, 48.43 per cent higher than the Rs 22,847.65 crore in the year-ago period.

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