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Supply-side constraints weigh on retail protection biz for life insurers

Protection segment, overall, has witnessed decent growth, mainly because of strong traction in the credit life business, buoyed by disbursement from banks and NBFCs.

Topics
Life insurers | Coronavirus | Interest rate hike

Subrata Panda  |  Mumbai 



Life Insurance
Net premium increased 14 per cent to Rs 11,443.96 crore against Rs 10,045.44 crore a year ago

Persisting supply-side constraints because of the Covid pandemic and the rate hikes taken by reinsurers over the past two years have impacted growth of the retail protection business of companies. Yet, the protection segment, overall, has witnessed decent growth, mainly because of strong traction in the credit life business, buoyed by disbursement from banks and .

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First Published: Fri, July 22 2022. 18:15 IST

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