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    B
    Banks
    SECTOR | 15 Jun 2023, 12:00AM

    Total life insurance policies decline 5% YoY to 16.6 lakh in May 2023

    buy
    Banks
    by Trendlyne Analysis
    Trendlyne Analysis
    First-year premium of private insurers rose 39.5% MoM to Rs 9,421.5 crore in May 2023, while LIC's premium increased by 141.9% MoM to Rs 14,056.3 crore.

    Overall, private insurers sold around 5.3 lakh policies in May 2023. While LIC sold 11.3 lakh schemes. Its market share dropped 310 bps YoY to 68.2%.
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    Axis Direct released a Sector Update report for Banks on 08 Jul, 2025.
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