09:00:00 AM IST, 13 Nov 2026
Sensex Today | Nifty 50 | Stock Market Live Updates: Life insurers thrive on group cover in Oct as retail APE lags
Life insurers' new business premium rose 26% year-on-year to ₹42,914 crore in October, compared with ₹34,007 crore in the year-ago period, driven by robust growth in group insurance business, provisional data released by the Life Insurance Council showed.
However, retail annualised premium equivalent (APE) grew a modest 5.2% year-on-year to an estimated ₹9,753 crore during the month, while sales of individual policies fell 3.7%, indicating subdued growth in the industry's retail segment.