Revised Ulip norms hit premium volumes in May
Revised Ulip norms hit premium volumes in May
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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