In FY21, the life insurance industry reported a modest 3 per cent growth in new business premium, said the report, adding the industry continues to get a higher share of household savings because of the increased attractiveness of life insurance savings products, the unique proposition of protection and annuity products among others.source https://economictimes.indiatimes.com/industry/banking/finance/insure/life-insurers-may-see-short-term-pressure-on-profitability-due-to-pandemic-icici-pru-life/articleshow/83689568.cms
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