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Life insurers report 4% rise in new year premium in June at Rs 30,009 cr

LIC’s cumulative first year premium in the June quarter fell 2.54 per cent from a year ago to Rs 35,600.68 crore. For the private industry, the combined cumulative new year premium during the three months rose by 34 per cent to Rs 17,124.58 crore.
For the remaining 23 private sector life insurers, the new premium in June jumped about 34 per cent to Rs 8,213.20 crore as against Rs 6,131.84 crore in the year-ago period.

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