Life Insurance new business declined by 12.7% in the month of April'2011

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According Insurance Regulatory and Development Authority (Irda), the life insurance industry collected new business income of 5,063.37 crore during April 2011. During the month, private sector companies reported a decline of 14.5%. At the same time, Life Insurance Corporation of India (LIC) reported a drop of 10.89% to 3,718.77 crore.

Source - economictimes.com

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