Net profit of the state-owned Life Insurance Corporation shot up 38% in 2015-16, but most private life insurers witnessed tepid growth or decline in earnings during the year. The combined net profits of 22 private life insurance companies declined 15% — from Rs 5,787 crore in the previous year to Rs 4,892 crore in 2015-16.
ICICI Prudential Life, the most profitable private life insurance company, registered a 1% growth in net profit, while Bajaj Allianz Life Insurance saw an even sm ..
