First-year premium collections by life insurance companies increased 25.8 per cent to Rs 94,820 crore in the April-January period of the current financial year. The increase was mainly led by a surge in Life Insurance Corporation of India’s (LIC) premium collections.

The premium income of LIC for the April-January period was higher by 36.9 per cent. During the same period last year, the total first-year premium collected by the industry stood at Rs 75,347 crore.

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