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Life insurers saw a 1.2% dip in new premiums for the quarter ended June 30, 2013.
According to data from Insurance Regulatory and Development Authority (Irda), the life insurers collected new premiums of Rs 19,216.18 crore for the three-months ended June, as compared to Rs 19451.3 crore in April to June 2012.
Private life insurers saw a 1.5% dip and collected Rs 4,921.49 crore as new premiums for the period.
The country's largest insurer Life Insurance Corporation of India (LIC) also saw a marginal one% dip in new premiums and collected Rs 14,294.69 crore as new premiums.
