Kathmandu: Indian life insurance industry has witnessed a minor growth of 4 per cent in the month of June against the same month of last FY.
As per the data published by the Insurance Regulatory and Development Authority of India (IRDAI), the first premium income is Rs. 48,015.168 crore.On last FY the FPI in June was Rs.46,189.88 crore.
The state-owned insurer Life Insurance Corporation of India (LIC) has witnessed a fall of 4.14 per cent in FPI during last month.Its FPI earning is June was Rs. 34,874.048 crore as against Rs.36,378.944 crore in the year-ago month.
There are total 24 life insurance companies in India. The remaining 23 life insurers realised a rise of 34 percent in the FPI as compared to the June 2020. They have accumulated Rs.13141.12crore as against Rs.9810.944 crore in the year-ago period.
The life insurance industrywise FPI during April-June 2021-22 rose 6.87 per cent to Rs.84,360.416 crore as against Rs.78,936.704 crore in the year-ago period.