
A new business premium of life insurance companies rises 30% in November
Life insurance companies reported a 30 percent year-on-year (YoY) growth in new business premiums (NBP) in November due to a stellar show by state-owned Life Insurance Corporation (LIC), even as private insurers saw their premium growth moderating. Data released by the Insurance Regulatory and Development Authority of India reveals the life insurance industry’s NBP was to the tune of Rs 35,458 crore in November,…