The absence of products and a scarce presence in unit-linked insurance plans (Ulips) have cut into the market share of industry leader Life Insurance Corporation (LIC) of India. Its share of policies sold in the first half of this fiscal year dropped to 72 per cent from 75 per cent in the corresponding year-ago period.
The insurance industry saw a 1.7 per cent dip in first-year premium collections due to the lower growth registered by LIC. Data released by regulator Insurance Regulator ..
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