The industry’s new business premium in June stood at Rs 36,962 crore, according to the data released by the Insurance Regulatory and Development Authority of India on Monday. It’s an 18% rise over June last year, despite a 9% fall in the total number of policies sold.
Sequentially, the absolute revenue surged by 57%. On an annualised premium equivalent basis—bringing the single lump-sum premium r
Private Insurers’ Performance The new business premium of private insurers was Rs 11,991 crore in June, 13% higher year-on-year and 27% higher sequentially. The APE was up 16% year-on-year. Retail weighted received premium was 12% higher than last year.
Here’s How India’s Listed Insurers Fared In June: Life Insurance Corp. LIC’s revenue was Rs 24,971 crore in June. The new business premium rose 21
