India's LIC saw new business premiums rise 9.91% in April, outpacing the industry and private insurers.

Life Insurance Corporation of India (LIC) saw a 9.91% rise in new business premiums in April, outpacing the industry's 8.43% and private insurers' 6.09% growth. Despite a slight dip in individual premiums, group premiums surged by 13.48%. Overall, LIC collected Rs 13,610.63 crore, up from Rs 12,383.64 crore last year, while the industry collected Rs 21,965.73 crore.