HDFCLIFE registered a strong performance as overall NBP grew sharply by 46.6% yoy to Rs. 9.4bn. This outperformance by HDFCLIFE was driven by a substantial increase in the group single premiums which jumped 2.1x. Overall NBP for IPRU declined 3.9% yoy while SBILIFE saw a modest 1.6% yoy increase in overall NBP in May 2021. For SBILIFE, the retail non-single premiums declined by 6.5% yoy, while the growth in the group single premium category was lower than private players. The group renewal business was half of what it was in May 2020. These factors contributed to the decline in NBP for the company. For IPRU, the de-growth in overall NBP was led by a decline in the group renewal business....