Life Insurers' business growth muted in February https://ift.tt/HWzpUPa the overall retail APE for the industry rose 10.5% on a year-on-year basis, helped by private players expanding at 18%, LIC's retail APE declined by 3% over the same period. The low growth resulted from a likely pre-booking of high-ticket non-ULIP policies in February and March 2023 to avoid the impact of taxation change proposed in the FY24 union budget, according to an Emkay report.
Thursday, March 9, 2023
Life Insurers' business growth muted in February
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