Private life insurers outpace LIC in new business premium growth
Life insurers reported a 16.6% year-on-year increase in new business premium (NBP) to ₹1.09 lakh crore for the April-June quarter, with private sector firms expanding faster than the state-run Life Insurance Corporation of India (LIC), aided by robust growth in regular premium products. Private life insurers recorded a 27.5% increase in NBP to ₹43,522 crore…