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Life insurers stare at a year without sparkle
The current financial year would be a year to forget for the Indian life insurance industry. New business premium during 2011-12 is expected to decline 15-20 per cent, the worst slide since the industry was opened up in 2000.
In 2008-09, new premium collection fell 6.81 per cent compared to the previous year, and this was primarily due to the fall in Life Insurance Corp’s (LIC) premium collection,
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