Life insurers' new business premiums rise 26% to ₹42,914 crore
In short
Life insurers collected ₹42,914 crore in new business premiums in October. That is up from ₹34,007 crore in the same month last year, according to the Life Insurance Council.
The 26% rise suggests stronger monthly sales for the life insurance industry. It may support insurer premium growth.
What the reporting says
Life insurers posted new business premiums of ₹42,914 crore in October, up from ₹34,007 crore in the same month last year, according to data released by the Life Insurance Council. The reported increase shows a 26% year-on-year rise in fresh premium collection across the sector. The figures point to stronger monthly business momentum for life insurers.
Why it matters
Life insurers recorded ₹42,914 crore of new business premiums in October, compared with ₹34,007 crore a year earlier, based on Life Insurance Council data. The 26% rise indicates stronger premium collection across the sector and can matter for listed insurers and the broader life insurance market.