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Life Insurers Deliver a Knockout 18% Growth in February

Life Insurers Deliver a Knockout 18% Growth in February

Listen up, folks! Life insurers just crushed it with a mind-blowing 18% growth, raking in Rs 35,417.27 crore in February! LIC is flexing hard with a jaw-dropping 24.19% surge! Non-life insurers are also stepping up, scoring a solid 10% boost. The insurance arena is on fire, and that's the bottom line! Smackdown!

Quick rundown

  1. Life insurance premiums surged by over 18% YoY.
  2. LIC led the charge with a 24.19% YoY growth in premiums.
  3. Non-life insurers saw a mixed bag of growth and decline.
  4. Standalone health insurers posted a sharp 29.81% YoY increase.
  5. The insurance industry in India is normalizing post accounting changes.

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