News From Press LIC regains market in new business premium; private peers cede ground

LIC regains market in new business premium; private peers cede ground

Source: Business Standard Jul 12, 2024

State-owned Life Insurance Corporation of India (LIC) has significantly regained its market share in new business premium (NBP), driven by a substantial increase in group premiums, while private insurance companies have relinquished their positions due to adverse effects of recent regulatory changes.

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