News From Press How private insurers beat LIC on ‘APE’ factor

How private insurers beat LIC on ‘APE’ factor

Source: Financial Express Jun 18, 2016

The life insurance industry saw strong growth in the month of May as Life Insurance Corporation of India (LIC) saw its annual premium equivalent (APE) grow at 22% year-on-year in May.

According to a Kotak Institutional Equities Research report, private players reported little higher growth compared to LIC at 26% at Rs 1,452.5 crore in APE in May.

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