Life Insurance Companies Register 11.4 % Growth in Premium Income in FY20
India’s life insurance companies witnessed 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore (US$ 684.64 billion) during the fiscal ended March 2020, as per the data from IRDAI. While in FY19, the 24 life insurance companies’ collective premium income stood at Rs 43.33 lakh crore (US$ 614.70 billion).