Insurance | News & Insights

Life Insurance: Monthly First Year Premiums Break their Fall in October, Private Sector Growth Outpaces Industry

Published: November 18, 2023
Author: TEXTILE VALUE CHAIN

Overview

Following robust growth in FY23, first-year premium numbers in FY24 have been moving in a subdued manner. For the month of October 2023 witnessed an increase of 7.6%, breaking the fall observed for the last three months. Despite this improvement, the performance still compares unfavourably against the growth of 15.3% witnessed in the same period last year. The private insurance sector played a mitigating role by counteracting the dip in LIC  premiums.

Life_Insurance_Update_for_October_2023

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