LIC expands market share as private insurance companies lose ground
Helped by single-premium plans and continued consumer preference for endowment and money-back policies, LIC has come back in a big way and captured 46.8 per cent share in India`a insurance market in terms of APE in August.
APE is the sum of annualised first-year premiums on regular premium policies and 10% of single premiums on the new business written during any period. Photo: PTI