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Indians opt for higher life insurance cover as average premium rises 43%
Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured amounts for their policies. The proportion of policies with low cover levels has notably declined. Higher value sum assured categories have gained considerable market share. This trend indicates a growing commitment to financial security among policyholders.
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thehindubusinessline.com
Life insurers' new business premium rises 21% to ₹47,005 crore in July; policy count nearly flat
The divergence was largely driven by group single-premium business. Industry-wide group single premium jumped 30.9 per cent to ₹27,857.01 crore in July from ₹21,280.53 crore a…
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Life insurers’ new business premium rises 21% in July
Life insurers see 21% rise in new business premiums in July, with LIC leading growth amid a slight increase in policies.
