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Revised Ulip norms hit premium volumes in May

Revised Ulip norms hit premium volumes in May
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First Published: Thu, Jun 30 2011. 10 54 PM IST
Updated: Thu, Jun 30 2011. 10 54 PM IST
For May, the annual premium equivalent for the life insurance industry has fallen by 16% on a year-on-year basis due to changes in the unit-linked insurance plan (Ulip) norms. However, the same has improved by 32.5% compared with the previous month driven by higher premium collection primarily in the single-premium segment.
Also See Year-on-year rise in annual premium equivalent in May (in %) (PDF)
Graphics by Yogesh Kumar/Mint
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First Published: Thu, Jun 30 2011. 10 54 PM IST
More Topics: Insurance | Ulip | Premium | Reliance Life | Tata AIG |