LIC clocks a 40% jump in premium income … expects positive for insurance companies

After a dismal first quarter, Life Insurance Corp. of India (LIC) clocked a sharp 40% month-on-month growth in individual premiums in July and August, led by a jump in the sales of big-ticket pension and term assurance plans. Expects positive for private insurance companies like HDFC Life, SBI Life, ICICI Prudential Life