Life insurance growth to double

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New Delhi, Sep 19, 2007 : India"s life insurance market has grown rapidly over the past six years, with new business premiums growing at over 40pc per year.

Total market premiums are likely to more than double during this period, from about 40 billion dollars to 80-100 billion dollars. This implies a higher annual growth in new business annual premium equivalent or APE of 19pc to 23pc during the period between 2007 and 2012.

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