 "Insurance")
With the ill-effects of the second wave of the pandemic behind and urgency among consumers to buy insurance before the premium hike, life insurers showed impressive growth in new business premiums (NBP) in September over the same period last year. The NBP of life companies was up more than 22 per cent year-on-year (YoY) in September to Rs 31,001 crore.
While private insurers, 23 in total, saw their NBP go up more than 42 per cent, state-owned insurance behemoth Life Insurance Corporation (LIC) saw a 12 per cent rise. The top three private insurers--SBI Life, HDFC Life, and ICICI Prudential
