Life insurers posted a 14% year-on-year growth in new business premiums to ₹35,020.28 crore in September, primarily driven by a surge in individual non-single premium collections.
Life Insurance Corporation of India (LIC) saw its new business premiums rise by 12% to ₹20,369.26 crore last month. Group single premiums made up the bulk of LIC’s total premium at ₹12,786.61 crore, followed by individual non-single premiums (₹3,862.02 crore) and individual single premiums (₹3,233.44 crore).