LIC bettered private insurers’ 12.1%
FinTech BizNews Service
Mumbai, July 10, 2025: Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a 14.60% year-on-year (YoY) increase in individual premium for the month of June 2025, while that of private life insurers grow 12.12%, as per data released by the Life Insurance Council.
PREMIUM IN Rs CRORES | (LIC) June -25 | YoY % Change | (Private Life Insurers) June -25 | YoY % Change |
Individual Premium | 5,312.63 | 14.60 | 8,407.52 | 12.12 |
Group Premium | 22,082.37 | -6.95 | 5,314.62 | -19.09 |
Total Premium | 27,395.00 | -3.43 | 13,722.14 | -2.45 |
Source: Life Insurance Council
In June 2025, LIC collected ₹22,082.37 crore in group premium from ₹23,731.13 crore in June 2024. The overall new business premium fell 3.43% from Rs 28,366.87 crore for the month of June 2024 to Rs 27,395 crore for the month of June 2025.
During the month of June 2025, Total Policies issued by LIC stood at 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category LIC issued 12.48 lakh polices for the month of June 2025 from 14.62 lakh policies for the month of June 2024, Group Policies stood at 1,290 in the month of June 2025 from 2,827 for the month of June 2024.
Comparison of April-June 2025 with April-June 2024
Total Premium collected by LIC for the April-June 2025, stood at ₹59,410.69 crore from ₹57,440.89 crore for the same months last year. In the Individual Premium segment amounted to ₹12,503.68 crore, compared to ₹11,869.34 crore in the same period last year, rising 5.34%. The Group Premium segment amounted to ₹46,907.01 crore for the April-June 2025, from ₹45,571.55 crore in the previous year, up 2.93%.
LIC issued a total policy of 30.43 lakh for the month of April-June 2025 from 35.72 lakh policies in the same period last year. Policies for the Individual Category stood at 30.40 lakh in the April-June 2025, from 35.65 lakh in the April-June 2024. Group Policies stood at 3,848 in the April-June 2025 from 6,531 policies in the April-June 2024.
PSU insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 2025 report.
The report notes that LIC's 2025 brand value stood at USD 13.6 billion up 35.1% from 2024 brand value of USD 10.07 billion.
Life Insurance Corporation of India (LIC) reigns supreme among the top brands ranked in the Indian insurance sector. It claimed the position of the world’s third strongest insurance brand ranked by Brand Finance’s 2025 Global Insurance 100 report, achieving a BSI score of 87.9/100. Based on Brand Finance’s market research data, LIC is perceived as a brand with high familiarity and appeal in its home market, alongside its sustained AAA brand strength rating.
