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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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