There are two ways of looking at the recently released life insurance premium collection data for the month of August. Certainly, when compared to months under lockdown, when premia collected declined by 23 -28 per cent year-on-year (YoY), August month’s eight per cent decline seems better.
In other words, more people seem willing to meet their premium dues or buying new insurance plans. However, it is important to dissect the data finely before turning optimistic on the sector. Consider this, much of the growth has come from group insurance premium (up 30 per cent year-on-year) ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
