Bad markets hamper growth in life insurance sectorLow equity markets adversely impact the life insurance industry.
Apnainsurance.com Research Bureau
07 May 2008
Market volatility has been a dampener in the growth of life insurance industry. The industry grew only at 23 per cent with a fresh premium collection of Rs. 93,000 crore. Life insurance Corporation of India, the market leader in this business managed to grow by 6 per cent where it grew at 118 per cent over the last year.