Life Insurance sector sees 7% rise in premium :

Life insurance industry saw its annualized premium equivalent at 7% year on year for the first six months of the current financial year. While private players witnessed higher growth at 13% Life Insurance Corporation of India (LIC) saw a growth at just 3% (year on year) at Rs. 16,296 crore in the period April – September, suggests the data from Kotak Institutional Equities.