Life insurers book 67% of last year’s premium in April

The life insurance industry in April managed to achieve nearly two-thirds of the sales it recorded a year ago despite the lockdown. In terms of total premium income, the private industry and the LIC recorded a year-on-year dip of 33% and 32% respectively. However, in terms of number of policies, the industry was down 67%, largely because of an 80% drop in the number of policies sold by LIC, while private companies were down 34%.

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