Your Money: Gradual shift of the retail life insurance market to private players

A large part of this is attributable to the slow growth delivery of 6.2% in LIC’s y-o-y RWRP in Dec’21 vs. 22% growth in Nov’21. YTD FY22, private sector RWRP grew strongly at 30% y-o-y vs. a muted 5% y-o-y for LIC.

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