Signs of normalcy: Life insurers post 15% rise in new premiums in August
Tue, Sep 8, 2020 10:12 PM

Signs of normalcy: Life insurers post 15% rise in new premiums in August

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Showing clear signs of normalcy in business amidst the coronavirus pandemic, life insurance companies posted a 15 percent year-on-year (YoY) rise in new premium collection at Rs 27,039.79 crore in August. Here, Life Insurance Corporation of India (LIC) saw a 15.2 percent YoY growth to Rs 19,714.21 crore, while private life insurers saw 13.7 percent YoY growth to Rs 7,325.6 crore.

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