LIC mkt share soars as pvt peers struggle

Life Insurance Corporation of India s market share increased to 67% in new business in the first five months of the current fiscal, a rise of about 45% over the same period last year, according to Irda data. LIC mopped up Rs 20,810 crore during April-August period of the current fiscal, compared with Rs 14,359 crore during the same period last year. The market share of the country s largest insurer increased to 67% from 54% during the same period, the data said. Overall, the life industry grew by 17% in April-August of the current fiscal, with the life insurance companies premium ...

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