First-Year Premium Of Insurers As Of May 31: LIC Increased 46.35 per cent; Private Players Have Seen A Growth Of 12.62 per cent

Here’s a look at the life insurance firm’s first-year premium for May 2024Aditya Birla Sun Life: The first-year premium increased by 12.61 per cent to Rs 592.10 crore in May 2024, compared to Rs 525.80 crore in May 2023. The individual single premium rose by 236.54 per cent year-on-year in May 2024 to Rs 72.20 crore, compared to Rs 21.45 crore in May 2023.Ageas Federal Life: The first-year premium of the company increased by 70.83 per cent to Rs 87.86 crore in May 2024, from Rs 51.43 crore in May 2023. The individual single premium grew by 100.84 per cent to Rs 21.82 crore in May 2024 from Rs 10.86 crore in May 2023.Aviva Life: The first-year premium of the company increased by 48.58 per cent to Rs 202.57 crore, from Rs 136.34 crore in October 2022. The individual single premium increased by 56.63 per cent to Rs 12.40 crore, from Rs 7.92 crore in October 2022.Ageas Federal Life: For this company, the first-year premium increased by 70.83 per cent to Rs 87.86 crore, from Rs 51.43 crore in May 2023. The individual single premium rose by 100.84 per cent to Rs 21.82 crore in May 2024, as compared to Rs 10.86 crore in May 2023.Bajaj Allianz Life: The first-year premium of the company rose by 6.89 per cent to Rs 768.39 crore in May 2024, as compared to Rs 718.87 crore in May 2023. The individual single premium increased by 26.06 per cent to Rs Rs 45.80 crore in May 2024, as compared to Rs 36.33 crore in May 2023.Bharti Axa Life: The first-year premium of the company fell by 20.70 per cent to Rs 40.43 crore, in May 2024, as compared to Rs 50.99 crore in May 2023. The individual single premium declined by 56.22 per cent to Rs 0.33 crore in May 2024, compared to Rs 0.77 crore in May 2023.Canara HSBC Life: The first-year premium of the company fell by 23.02 per cent in May 2024 to Rs 148.77 crore, from Rs 193.27 crore in May 2023. The individual single premium dropped by 64.58 per cent to Rs 4.14 crore in May 2024, as compared to Rs 11.68 per cent in May 2023.Future Generali Life: The first-year premium of the company dropped by 37.33 per cent to Rs 24.30 crore in May 2024, as against Rs 38.77 crore in May 2023. The individual single premium increased by 144.21 per cent to Rs 1.11 crore in May 2024 as compared to Rs 0.45 crore in the previous year.

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