Life insurers' new business premium jumps 39% in April on GST boost - Business Standard

New business premium (NBP) of life insurance companies rose 39 per cent year-on-year (YoY) in April to ₹30,550.38 crore, compared to ₹21,964.2 crore in the same period last year, led by strong growth from both state-owned Life Insurance Corporation of India (LIC) and private life insurers. The growth was supported by a low base and continued momentum following the reduction in Goods and Services T…