Life Insurance Premiums Soar 39% in April Celebration

In April, life insurance companies celebrated a stupendous 39% leap in new business premiums, reaching ₹30,550.38 crore! This spectacular surge was thanks to a GST tax cut and strong performances from both LIC and private insurers. SBI Life stole the show with a mind-blowing 79.6% increase, while total policy sales also climbed by 12.58%. What a fantastic month for insurance!