First-year premium of private insurers rose 27.3% MoM to Rs 11,990.9 crore in June 2023, while LIC's premium increased by 77.6% MoM to Rs 24,970.8 crore. Overall, private insurers sold around 6.4 lakh policies in June 2023, while LIC sold 13 lakh schemes. Its market share fell by 4.5 percentage points YoY to 67.2%.