Overall NBP (new business premium) grew by 4.0% YoY for the industry to Rs. 300bn led by a strong growth of 33.9% yoy for private players to Rs. 82.1bn. Private players market share for Q1FY22 is now 33% and LIC at 67% vs 26% and 74% last year. IPRU's NBP grew by 2.2x in June-22 to Rs. 12.6bn, albeit on a lower base. The company registered a strong growth in both single premium and regular premium products. HDFCLIFE also registered a strong growth of 25.2% YoY, although the growth rate was lower than that of the private players for the month of June. The company's NBP was Rs. 16.9bn and it overtook SBILIFE as the largest private life insurer in terms of overall NBP. HDFCLIFE's NBP growth was largely driven by the group business, with single premium group products registering a 69.7% YoY growth. The company grew faster than the private peers during the quarter, driven by the group business. SBILIFE's NBP also grew at a healthy 17.6% YoY to Rs 17.7bn but the overall growth was slower than the private players' growth rate. The retail business contributed 53% to the overall NBP. Single premium products grew by 20.8% YoY while non-single premium (regular premium) products grew by 13.3% YoY....