Life insurers sector reports 13.16% growth in new premiums for October; new policy issuances drop 41.6%

India's life insurance sector saw significant growth in October 2024, with new business premiums surging by 13.16% year-on-year. This impressive performance was driven by a strong focus on customer acquisition and digital transformation. However, the number of new policies issued declined, indicating a potential shift in consumer behavior.
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