News From Press Ulips boost life insurers premium growth 33% in Q1

Ulips boost life insurers premium growth 33% in Q1

Source: Financial Express Jul 13, 2016

The Life insurance industry witnessed a strong growth in new business premium during the first quarter of current financial year. Data from the Life Insurance Council shows that new business premium rose around 33.2% year-on-year for the quarter ended June 30, 2016.

The growth was led by Life Insurance Corporation of India (LIC), which saw its new business premium for the quarter at Rs 22,594.55 crore, a surge of 37.53% compared with the previous year.

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