 "SBI Life Insurance, SBI Life")
Life insurers reported a stellar growth in November amid increasing awareness for risk covers due to Covid-19. Twenty-four life insurers, including LIC, reported new business premium (NBP) at Rs 27,177 crore, up 42 per cent year-on-year (YoY) from the year-ago period in November.
Of this, private insurers' NBP rose 58.63 per cent YoY to Rs 11,209.75 crore as group single premiums more than doubled during this period.
Most analysts remain optimistic on the road ahead for this sector, which, they believe, will be supported well by an improvement in distribution channels. Among the lot, they believe SBI Life, that saw
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