Suspense Crime Sach Ka Dam
With time, the common people of the country are now understanding both the need and importance of life insurance. The latest figures released by the Life Insurance Council are strong evidence of this. According to the data of the Council, due to the strong demand for insurance security from individual consumers, a huge increase of 45.49 percent has been registered in new life insurance policies on an annual basis in the last month i.e. September 2024.
According to the data of the Life Insurance Council, a total of 32,17,880 new life insurance policies were issued in September 2024, whereas in September 2023 last year, a total of 22,11,680 lakh new life insurance policies were issued.
14 percent increase in premium collection of life insurance companies
Due to this strong increase in the demand for life insurance policies, life insurance companies collected a total premium of Rs 35,020 crore from new policies in September, which is an increase of 14 percent on an annual basis. In the same month a year ago, life insurance companies had collected a premium of Rs 30,716 crore from new policies. With this, the premium collection of new policies in the first half (September) of the financial year 2024-25 increased by 19 percent to Rs 1,89,214 crore from Rs 1,58,377 crore in the first half of the last financial year.
LIC collected Rs 20,369 crore in September
According to the data of the Life Insurance Council, the individual single premium in the life insurance industry grew by 13 percent to Rs 5,142 crore in September. It has registered a growth of 14.99 percent on an annual basis. The country’s largest government life insurance company LIC collected a new premium of Rs 20,369 crore in September, which is an increase of 25 percent. The total premium of the private sector grew by 12 percent to Rs 73,664 crore, while Rs 65,734 crore was collected in the same month a year ago.
