The passage of the insurance bill last year was seen as a lifealtering event for the sector but there has actually been a decline in capital deployed in the last financial year. That is despite overseas investors pumping Rs 11,000 crore into Indian life insurance companies.
Capital deployed in the life insurance sector, including share premiums, fell 2.3% to Rs 34,847 crore in the last financial year from Rs 35,681 crore in the year before, according to the Life Insurance Council, a representative body.
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