Strong Performance For Life Insurers Stock In February

Life insurers’ registered strong February as people start making investments before the financial year ends in March.

Strong Performance For Life Insurers Stock

Private-sector new-business premiums (NBP) grew 17% YoY; Life Insurance Corporation of India was up 24% YoY.

At end-Feb-21, NBPs amounted to Rs 224 billion (Rs185 billion a year prior).

The annual-premium equivalent (APE) for the private sector grew 20% YoY at end-Feb-21.

For LIC, the sole public entity, it grew marginally at 3% YoY.

At end-Feb-21, total APE was Rs 86 billion (Rs 77 billion a year prior).

Strong Performance For Life Insurers Stock In February via @goldsilverrepor
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