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LIC's VNB margin growth higher than private life insurers in Q3 FY24

 State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed......

Life insurance companies clock 25.28% drop in premiums

 The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. Illustration: Uttam......

Private life insurance companies seem to be on a secured path to growth

 Private life insurers experienced reasonable growth in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), and the October data is also encouraging. Illustration: Uttam......

LIC's market share drops to 59% till September from 68.7% in a year

 The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in......

Robust growth ahead for pvt insurers; HDFC Life may see stronger momentum

 Private players continued to show strong momentum in the life insurance individual new business segment during August, 2023. Illustration: Uttam Ghosh/Rediff.com On an aggregate, the industry......

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