India’s life insurance premiums fall in January

In the nine months to January, 21.3 million were pencilled in.

Premiums of India’s life insurance industry saw a 4% year-on-year (YoY) dip year-to-date, or in the April to January period.

For January alone, premiums reached Rs33,560 crore from all 27 life insurers monitored by the Life Insurance Council of India.

ALSO READ: India’s non-life sector driven by health, motor in January

In the nine months to January, Rs283,834 crore premiums were pencilled.

In terms of policies, 2.80 million were accounted for in January. YTD, 21.3 million policies were tallied, up 1.8% YoY.