Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

Life insurance companies have seen a 44.76 per cent rise in new business premium (NBP) in April due to low base in the same period last year.
 
While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation (LIC) reported 35.6 per cent growth.
 
In April 2020, the life insurers had seen a 32 per cent drop in NBP due to the strict lockdown imposed to check the spread of coronavirus.
 
Top private life insurers have reported robust growth in NBP for April,