Life insurance companies register 11.4% growth in premium income in FY20

India's largest and the only state-owned insurer LIC, however, posted a decline in premium income at Rs 8.32 lakh crore during 2019-20, the data from the Insurance Regulatory and Development Authority of India (Irdai) showed. LIC's premium collection stood at Rs 10.74 lakh crore during 2018-19. Its market share stood at 82.76 per cent as of March 31, 2020.

from Banking/Finance-Industry-Economic Times https://ift.tt/357y8RI