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.
India’s four listed private life insurers reported strong growth in new business in the June quarter, driven largely by one-off group policies sold to companies rather than broad-based retail demand.
At the same time, the goods and services tax (GST)... [5020 chars]
Source: Livemint
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