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    Question

    Which Indian insurance company saw a 35.1% increase in

    its New Business Premium (NBP) in August 2024?
    A ICICI Prudential Life Insurance Correct Answer Incorrect Answer
    B SBI Life Insurance Correct Answer Incorrect Answer
    C LIC Correct Answer Incorrect Answer
    D HDFC Life Insurance Correct Answer Incorrect Answer
    E Bajaj Allianz Correct Answer Incorrect Answer

    Solution

    LIC saw a 35.1% increase in its New Business Premium (NBP) in August 2024, driven primarily by growth in group single premiums. LIC holds an 80% market share in this segment, contributing to its significant growth.

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