Life Insurers first year premium declines 12.6% to Rs 69.2bn

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The first-year premium of life insurers in the first three quarters of the current fiscal ended December 31, 2012 declined 12.6% to Rs. 691.84 billion compared with Rs. 791.53 billion in the same period last year, according to IRDA (Insurance Regulatory and Development Authority) data.

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