The new premium of life insurance companies increased by 3%

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MUMBAI: Life insurance companies' new business premiums (SHMs) have declined by 3 points in July, after which Schmidt rose by 3% in August over the same period last year. દર્શન The performance of private insurers among life insurers has been superb.

In July, life insurers saw an 11 per cent decline in NBPs compared to the same period last year, while NBPs rose by 7.5 per cent in June and another wave of corona in May.

In August, the new premium business in the life insurance industry stood at Rs 4,60.7 crore, up 2.2 per cent from the same period last year.

However, Life Insurance Corporation of India (NIMB) 's new business premium has declined by 7.5 per cent during the period, compared to the same period last year, while the share of private sector insurers has increased by 31 per cent this month.

ન The new premium business of private sector insurers was Rs 2,6.5 crore in August, 2021, while it was Rs 9,8.5 crore in August, 2020 and Rs 2,50.5 crore in August, 2015. LIC's NBP, on the other hand, stood at Rs 12,60.5 crore in August, 2018. Among the leading private insurers, HDFC Life's NBP declined by 9 per cent.

Comments

  1. shareaeDecember 3, 2021 at 10:07 PM

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