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Economy News

The Economic Times

Economy / The Economic Times

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Private life insurers outpace LIC in new business premium growth

Life insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven by regular premium products. Regular premium collections grew nearly twenty percent year-on-year, while single premium business increased. SBI Life Insurance emerged as the fastest-growing player among listed companies. Private insurers continue gaining market share while LIC retains its dominant position.

9 Jul 2026 12:58 am