Life insurance premiums surged 19% to ₹62,581 crore in April-May, fueled by strong individual policy sales and improved retail demand post-GST exemption. Both LIC and private players saw healthy gains, with overall policy numbers rising 5%. This growth highlights renewed customer interest in savings and protection products.

Life insurance premiums surged 19% to ₹62,581 crore in April-May, fueled by strong individual policy sales and improved retail demand post-GST exemption. Both LIC and private…

The new business premium of life insurance companies rose more than 5% in May to ₹32,030.84 crore compared to ₹30,463.21 crore a year earlier even as the number of policies/scheme…