India: Life insurers see new premiums surge in 1H of FY2020

| 22 Oct 2019

Life insurance companies in India have posted a 35.1% year-on-year growth in new premium collections, to INR1.26tn ($17.7bn) in the April to September (1HFY2020) period.

State-owned insurance giant Life Insurance Corporation of India saw a 41.7% YoY increase in first-year premiums to INR899.8bn. This represents a market share of 71%.

Private-sector insurers collected new premiums of INR357.8bn in H1FY20, showing a YoY growth of 20.9%.

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