Insurance | News & Insights

Monthly First-Year Life Insurance Premiums Strong in Feb due to Group Single Premiums.

Published: March 12, 2024
Author: TEXTILE VALUE CHAIN

Overview

Following robust growth in FY23, first-year premium numbers in FY24 have been moving in a subdued manner. However, for February 2024, first-year life insurance premiums witnessed a surge of 48.4%, compared to a fall of  16.8% witnessed in the same period last year. The increase can be attributed to group single premiums, especially of LIC, and the strong monthly performance of the private insurers.

Life_Insurance_Update_for_February_2024

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