Micro insurance premium in life segment tops ₹10k cr in FY24
The Statesman Siliguri|December 27, 2024
The new business premium (NBP) in life insurance's micro-insurance segment in 2023-24 surpassed Rs 10,000 crore for the first time, Insurance Regulatory and Development Authority of India (Irdai) said.
STATESMAN NEWS SERVICE

As per the financial year's Annual Report by Irdai, the overall NBP rose to Rs 10,860.39 crore, rising 23.5% from Rs 8,792.8 crore in FY23.

Individual NBP dropped 23.78% year-on-year (Y-o-Y) to Rs 152.57 crore while group NBP rose 24.61% Y-o-Y to Rs 10,707.82 crore.

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