LIC posts 3.5% Y-O-Y growth in May 2026 total premium
FinTech BizNews Service
Mumbai, 10 June 2026: Life Insurance Corporation of India (LIC), the country's largest life insurer, reported an overall new business premium (NBP) of Rs 19,042.2 crore for the month of May 2026, registering a growth of 3.5% year-on-year, as per data released by the Life Insurance Council. The life insurance industry witnessed healthy demand following the GST exemption on individual life insurance products in September 2025, with LIC maintaining its market leadership while delivering a robust 13.7% growth in individual premium collections during the month.
Premium in Rs. crores | (LIC) May-26 | YoY % Change |
Individual Premium | 4,584.1 | 13.7% |
Group Premium | 14,458.1 | 0.6% |
Total Premium | 19,042.2 | 3.5% |
In May 2026, LIC collected Rs 4,584.1 crore in individual premium from Rs 4,030.2 crore in May 2025. LIC collected Rs 14,458.1 crore in group premium in May 2026 from Rs 14,374.9 crore in May 2025.
During the month of May 2026, the total policies issued by LIC stood at 10.35 lakh from 10.68 lakh in the same period last year.
In the individual policies category, LIC issued 10.34 lakh polices for the month of May 2026 from 10.67 lakh policies for the month of May 2025. Group Policies stood at 1,047 in the month of May 2026 from 1,389 for the month of May 2025.
Comparison of April-May 2026 with April- May 2025
Total Premium collected by LIC for the April- May 2026, stood at Rs 37,824.3 crore from Rs 32,015.7 crore for the same months last year. In the Individual Premium segment amounted to Rs 8363.2 crore, compared to ₹ 7,191.1 crore in the same period last year. The Group Premium segment amounted to Rs 29,457.1 crore for the April-May 2026, from Rs 24,824.6 crore in the previous year, up 18.7%.
LIC issued a total policy of 17.96 lakh for the month of April-May 2026 from 17.94 lakh policies in the same period last year. Policies for the Individual Category stood at 17.95 lakh in the April-May 2026, from 17.91 lakh in the April- May 2025. Group Policies stood at 1,693 in the April-May 2026 from 2,558 policies in the April-May 2025.
Life Insurance Corporation of India (LIC) emerged as the leading brand in the insurance sector, while also ranking as the third most valuable Indian brand in the Brand Finance Global 500 2026 report. The report places LIC’s brand value at USD 13.6 billion, reflecting its strong market position, familiarity, and trust in India. LIC also retained a AAA brand strength rating, underscoring its enduring brand power.
