Group single premiums continue to drive life insurance in May, LIC outpaces private insurers2 min read . Updated: 12 Jun 2022, 08:52 PM IST
- The first-year premium of life insurance nearly doubled to ₹24,480 crore in May 2022 compared to same month last year. The strong performance was driven by robust growth in group single premiums. The country's largest insurer, LIC outpaced its private peers for the two consecutive months in FY23.