The degrowth was largely on the back of slow business by Life Insurance Corp of India (LIC) in the month, even as some private sector insurers such as HDFC Life, Max Life and India First reported strong growth in the month albeit a lower base.source https://economictimes.indiatimes.com/industry/banking/finance/insure/life-insurers-report-5-5-decline-in-new-premiums-in-may/articleshow/83348401.cms
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