During the April-June period, private life insurers reported a growth of 10.58% in their total premium income to ₹28,167 crore compared to ₹25,437 crore in the same period last year. This was largely driven by an increase in group single premium policies. In contrast, state-owned Life Insurance Corporation of India (LIC) witnessed a decline of 7% in its total premium income to ₹44,837 crore from ₹48,201 crore during the same period.
