Life insurers see 27% rise in new policy premiums
Thu, Feb 8, 2024 2:36 PM

Life insurers see 27% rise in new policy premiums

A Flip by Shubhangi Gupta
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The life insurance industry in Mumbai saw a significant increase of 27% in new policies sold in January, with a total premium collection of ₹33,559 crore. State-owned LIC and private insurers both reported strong growth, with SBI Life recording a 100% increase in new business income. ICICI Prudential and Max Life Insurance also saw increases, while HDFC Life had a marginal growth of 2%.

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