Life insurers' new business premium up 59% in Aug
Life insurance companies’ business from new premium rose by 59% year-on-year to ₹14,285.20 crore in August, according to Insurance Regulatory and Development Authority of India (IRDAI) data. Of the total business, India's largest life insurer LIC garnered ₹10,713.55 crore, up 92% from the previous year period. The rest of the new business premium was generated by 23 private insurers.