New Business Premium Growth Rate in Indian Insurance

Definition

Year-on-year percentage change in new business premium. Reported in L-22 analytical ratios by segment: linked vs non-linked, participating vs non-participating. Growth rates are inherently contextual — a higher rate from a low base may be less significant than moderate growth from a large base.

Note: L-22 reports growth by segment. Derived by the insurer and reported natively in L-22.