New Business Premium for the sector contracts by 32.6% while Annualised Premium Equivalent (APE) down by 40% mainly due to covid related disruptions in operations and tepid demand for equity linked products. Experts, however, find some positive in growth of group and protection products.source https://economictimes.indiatimes.com/industry/banking/finance/insure/business-performance-of-life-insurers-down-yet-again-in-april/articleshow/75678289.cms
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