Key Points
New Delhi [India], November 9 (ANI): The Indian life insurance sector recorded a robust year-on-year (YoY) growth in new business premiums (NBPs) for October 2024, with premiums increasing by 13.16 per cent compared to the same period last year, Life Insurance Council observed in its October 2024 business report...
The insurance sector witnessed a remarkable year-to-date (YTD) performance with collections rising 18.56 per cent, from Rs 1,85,195.81 crore to Rs 2,19,561.64 crore, as per the Life Insurance Council...
Breaking down premium types, individual single premiums experienced an 8.6 per cent YoY growth in October, totaling Rs 3,397.07 crore..
Meanwhile, individual non-single premiums rose 2.76 per cent in October to Rs 7,453.5 crore, with YTD collections marking an 18.23 per cent YoY increase, as per the data...
Group single premiums soared by 15.81 per cent to reach Rs 18,258.37 crore in October, helping this category achieve an 18.61 per cent YoY growth in premiums..
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