In July, life insurers saw a 14% increase in new business premiums, reaching Rs 31,823 crore. The Life Insurance Corporation of India (LIC) led with a 19.78% rise, collecting Rs 18,431 crore. For the first four months of FY25, new business premiums surged 26% to Rs 75,872 crore. The overall growth in new policy issuances was 2.73%, with 23,88,720 new policies issued in July 2024. This growth reflects heightened consumer demand for insurance protection. Read The Rest at :
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