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      Question

      What was the new business premium (NBP) growth of LIC in

      August 2024?
      A 18.5% Correct Answer Incorrect Answer
      B 22% Correct Answer Incorrect Answer
      C 25.6% Correct Answer Incorrect Answer
      D 35.1% Correct Answer Incorrect Answer
      E 40% Correct Answer Incorrect Answer

      Solution

      LIC's new business premium saw a significant growth of 35.1% in August 2024, mainly driven by the growth in group single premiums, where it holds an 80% market share.

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