Life insurance industry witnessed a rise of 32.7% in its collective new premium income during February 2019, indicating a rise in new customers, data from Irdai showed
Rs 18,209.50 cr – First-time premium collected in Feb 2019
Rs 13,724.96 cr – Mop-up in the same month last year
66.26% – Market share of LIC
Rs 12,055.81 cr – Premium collected by LIC last month
Rs 6,153.70 cr – Premium collected by other market players
42.2% – Growth in first-time premiums for LIC
49% – SBI Life
33.1% – ICICI Prudential Life
21.6% – Aditya Birla Sun Life
59.3% – Aegon Life
23.7% – Max Life
15.25% – Kotak Mahindra Life