AIR+23 Oct 2019

India's life industry facing slowdown

| 23 Oct 2019

A report by Kotak Institutional Equities Research has revealed that the Indian life insurance industry is facing a slowdown as individual annual premium equivalent (APE) declined 3% y-o-y in September as compared to 11-27% y-o-y growth in April-August 2019. Overall APE was up 3% y-o-y on the back of stronger group business. The net inflows to equity mutual funds dropped sharply as well.

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