Insurance industry saw a 25.3 percent year on year contraction in new business premium. However, leading companies, most notably Life Insurance Corp of India (LIC) saw some aspects of their business bounce back in the month as these companies shored up their digital distribution and outreach channels.
source https://economictimes.indiatimes.com/industry/banking/finance/insure/life-insurers-record-negative-business-growth-yet-again-in-may/articleshow/76284796.cms
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