<h1>Life insurers see 6.01% rise in August new business premiums to INR 1.63 lakh crore, GST waiver to boost growth</h1> Life insurers reported a 6.01% year-on-year rise in new business premiums in August, with NBPs reaching INR 1,63,461.52 crore versus INR 1,54,193.76 crore a year earlier, driven by higher single-premium sales (up 9.71%) and non-single individual premiums (up 4.51%). Combined individual collections rose 6.20% year-to-date. Growth was attributed to efforts to expand coverage among first-time buyers, strengthened distribution, and the addition of over 437,000 individual agents despite only modest net agent growth due to attrition. Industry participants expect further expansion after the tax authority's decision to waive GST on individual life and health policy premiums.