India’s listed private life insurers posted strong June-quarter growth, driven mainly by one-off group corporate deals. While the GST exemption boosted sales, it also compressed margins, as weaker bancassurance and mixed ULIP demand highlighted the uneven nature of underlying retail growth.
Business
Group policies drive life insurers' Q1 growth as GST dents margins
India’s listed private life insurers posted strong June-quarter growth, driven mainly by one-off group corporate deals. While the GST exemption boosted sales, it also compressed margins, as weaker bancassurance and mixed ULIP demand highlighted the uneven nature of underlying retail growth. Source: Read the original article on www.livemint.com
