India’s life-insurance sector made a strong rebound in November, with new-business premiums increasing by 23 per cent year-on-year to Rs 31,119.6 crore, according to a new report.

The life-insurance industry continued its streak of double-digit monthly growth for the third consecutive month. The rebound was driven by a surge in individual non-single policies and robust performance across both individual and group segments.

A favourable base effect and a smoother adjustment following the GST waiver for individual life policies further supported this upswing, helping to maintain the industry’s growth momentum, said the report by CareEdge Ratings.

LIC continued to lead the market, supported by strong momentum in both individual and group segments, while private insurers sustained double-di

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