Life insurers' new premium up 6% to Rs 16,995 cr in November: Irdai

The first year premium of the life insurance companies grew by a marginal 5.8 per cent to Rs 16,994.95 crore in November, data from Irdai showed.

All the 24 life insurers - one state-owned and 23 private sector players - had collected Rs 16,061.40 crore as new or the first year business premium in the same month a year ago.

State-owned LIC registered a fall of over 1.5 per cent in new premium collection at Rs 12,336.53 crore during the month, as per the data released by the Insurance Regulatory and Development Authority of India (Irdai).

The private players together clocked Rs 4,658.42