Life insurers register strong business growth in October
Overall new-business premiums witnessed the sharpest growth at 31.9 per cent year-on-year in October.
Total new-business premiums during the month amounted to Rs 22,776 crore compared to Rs 17,272 crore in the year ago period.
Private-sector new-business premiums grew 24 per cent on yearly basis.
LIC's new business premiums increased by 36 per cent, year-on-year, during the period.
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.