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  • News From Press Life insurers’ new business premium grows 14 per cent in September

    Life insurers’ new business premium grows 14 per cent in September

    Source: Financial Express 2 hours ago

     

    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).

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