The individual premium at Lifetime high of Rs 62,405 crore
FinTech BizNews Service
Mumbai, April 23, 2025: Life Insurance Corporation of India (LIC), the country’s largest life insurer, garnered Rs 2,26,669.91 crore in New Business Premium for FY25, which includes a record Rs 62,404.58 crore from individual new business.
Individual New Business Premium for FY25 registered a growth of 8.35% Year on Year basis, according to data from the Life Insurance Council.
For FY25, The Group Premium fell 0.40%, to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore last year. For FY25, LIC sold 1.78 crore new policies, despite the introduction of new
surrender value norms effective from 1 st October 2024.
Looking at segment-specific performance in March 2025, the Individual Premium
segment saw a 10.75% rise, totalling Rs 10,022 crore, up from Rs 9,048.87 crore in
March 2024. Conversely, the Group Premium fell by 1.34% to Rs 26,885.33 crore
from Rs 27,251.74 crore last year.
Link: https://www.lifeinscouncil.org/industry%20information/nbp.aspx
