Axis Max Life, SBI Lead India's Life Insurance Premium Growth In Aug; LIC Top Drag

SBI Life Insurance Co. reported a total premium of Rs 3,321 crore in August, an increase of 22.8% year-on-year, compared to Rs 2,703 crore in the same month last year. The insurer's group single premium grew 161% year-on-year in August, reaching Rs 1,095 crore, compared to Rs 419 crore in the same month last year.