Life insurers reported stellar individual annual premium equivalent (APE) growth of 90 per cent in March due to low base, translating into a 40 per cent growth in Q4 and a full 8 per cent for FY21, said the report. It, however, added that the two-year individual APE growth was a modest 6 per cent for the year.source https://economictimes.indiatimes.com/industry/banking/finance/insure/private-life-insurers-new-premium-income-grows-8-pc-in-fy21/articleshow/82179754.cms
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