MUMBAI : Indian stocks are at risk of losing vital support from insurers as premium collections of life insurance companies have steadily declined because of covid-related disruptions.Life insurance premium collections from new businesses dropped to just ₹49,335.43 crore in the June quarter from ₹64,565.5 crore in the March quarter, and ₹69,000 crore in the December quarter, according to the Insurance Regulatory and Development Authority of India, or Irdai.For private insurers, new business premium collections for the June quarter saw a massive 46% drop to ₹12,805.41 crore.The fall in collections may prompt life insurers to deploy less capital into the equity markets this year, said market watchers.This would greatly reduce the cushioning.