Life insurers register strong business growth in October
Life insurers register strong business growth in October
BusinessToday.In
- Nov 14, 2020,
- Updated Nov 16, 2020 9:56 AM IST
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Overall new-business premiums witnessed the sharpest growth at 31.9 per cent year-on-year in October.
Niti Kiran
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Total new-business premiums during the month amounted to Rs 22,776 crore compared to Rs 17,272 crore in the year ago period.
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Private-sector new-business premiums grew 24 per cent on yearly basis.
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LIC's new business premiums increased by 36 per cent, year-on-year, during the period.
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In new business premiums, HDFC Life tops with a 22.9 per cent market share followed by SBI Life, with a 22 per cent market share and ICICI-Prudential Life occupying the third position with 13.7 per cent share.
Story: Niti Kiran
Design: Mohsin Shaikh