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New India Assurance shares plummeted over 15% on Monday after the company reported a decline in net profit for the December quarter. The stock closed at Rs 245.40 on NSE and Rs 246.90 on BSE.

New India Assurance Company Ltd shares plunged 11% on Monday after the general insurer reported a decline in net profit in the December quarter. The company's Q3 profit fell 4.5% to Rs 715 crore.

Life insurance companies in India saw premium income rise by 12.98% to Rs 7.83 lakh crore in FY23, driven by strong growth in new business premiums. The report also highlights the performance of...