Life insurance companies collect Rs 27,034 crore in new business.
The Life Insurance Council states that there is a strong underlying demand for life insurance products, as seen by the 12.45% rise in new policy issuance during the same time.
In May 2024, life insurance companies collected 15.15% more new business premiums than they did in the same month the previous year. This increase was driven by both individual and corporate customers' strong need for increased insurance protection.
The Life Insurance Council states that there is a strong underlying demand for life insurance products, as seen by the 12.45% rise in new policy issuance during the same time.
What's Your Reaction?
