Life insurers have recorded a 22 per cent progress in new enterprise premium in August 2024, at ₹32,644 crore (from ₹26,789 crore).
Within the April-August interval, the brand new enterprise premium garnered by these insurers grew 21 per cent to ₹1,54,194 ( from ₹1,27,661 crore), information launched by the trade physique Life Insurance coverage Council confirmed.
Nevertheless, new coverage issuances declined 1.44 per cent to 23,94,007 in August 2024, as in opposition to 24,28,895 insurance policies within the corresponding interval final 12 months.
The online addition to life insurance coverage company drive stood at 1,08,147 in August 2024, the info confirmed.
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