Indian Life Insurers Report 22% Y-o-Y Growth in New Business Premiums; Policy Issuances See Modest Drop in August 2024 – News18
The life insurance industry has also been actively expanding its agent network to enhance penetration, especially in underserved areas. Individual single premiums grew by 8.35% Y-o-Y to ₹4,302.58 crore in August 2024, while YTD growth for this segment reached 15.54%. Indian life insurers recorded a new business premiums (NBPs) growth of 21.86 per cent year-on-year…