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Life Insurance Premiums Soar 40% in December, Fo' Shizzle!

Life Insurance Premiums Soar 40% in December, Fo' Shizzle!

Yo, check it! Life insurance just flexed with a smooth 40% jump in new biz premiums in December, rollin' in ₹42,150.8 crore, a straight-up 39.5% from last year, G! LIC cruised ahead with a 57.45% boost, while private players kept it real at 24.93%. Policy sales? Up 35.44%! Fo' shizzle!

Quick rundown

  1. Life insurance industry sees nearly 40% growth in new business premiums.
  2. GST rationalisation makes life insurance policies more affordable.
  3. LIC leads with a 57.45% surge in premiums.
  4. Private insurers report a 24.93% increase in premiums.
  5. Policy sales grew 35.44% year-on-year in December.

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