The persistency ratio within the life insurance industry continues to be low, according to data published in the Handbook on Indian Insurance Statistics for financial year 2020-21. The median 61-month persistency figure for the industry for FY2020-21 stood at 39.4 per cent. This figure has remained in the thirties since 2016-17.
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First Published: Fri, February 18 2022. 20:13 IST
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