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New business premium of life insurance firms declines 5.5% in May

Private insurers' NBP jumped 14 per cent in May, while state-owned Life Insurance Corporation (LIC) reported a decline of 12.3 per cent

Topics
life insurance industry | LIC  | Private insurers

Subrata Panda  |  Mumbai 



LIC. (Photo: Bloomberg)
LIC’s NBP was even lower than what it had amassed last year during a nationwide lockdown.(File photo: Bloomberg)

Life insurers have reported a 5.5 per cent decline in new business premium (NBP) in May 2021, compared to the same period last year.

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First Published: Tue, June 08 2021. 10:46 IST

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