LIC’s new business premium in April 2025 grew at faster pace than both the overall industry and Private Life Insurers The Insurance behemoth collected Rs 12,383.64 crore in April 2024

Tuesday, 13 April 2025: Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a 9.91% year-on-year (YoY) increase in new business premium for April 2025—surpassing the industry growth rate of 8.43% and private life insurers’ growth of 6.09%, as per data released by the Life Insurance Council.

In April 2025, LIC collected ₹13,610.63 crore in new business premiums, up from ₹12,383.64 crore in April 2024. The overall life insurance industry garnered ₹21,965.73 crore, marking an 8.43% rise over ₹20,258.86 crore collected in the same month last year. Private life insurers contributed ₹8,355.10 crore, registering a 6.09% growth over the previous year’s ₹7,875.22 crore.

 

                                        New Business Premium (in Rs cr)

	April 2024	April 2025	% Change
LIC	12,383.64	13,610.63	9.91
Life Insurance Industry	20,258.86	21,965.73	8.43
Private Life Insurer	7,875.22	8,355.10	6.09
Source: Life Insurance Council

 

In the Individual Premium category, LIC posted a slight decline of 0.46%, collecting ₹3,160.87 crore in April 2025 compared to ₹3,175.47 crore in April 2024. However, the Group Premium segment recorded a robust 13.48% growth, rising to ₹10,449.76 crore from ₹9,208.17 crore a year earlier.

 

During the month of April 2025, Total Policies issued by LIC stood at 7.26 lakh from 8.56 lakh in the same period last year. While individual policies was 7.24 lakh polices for the month of April 2025 from 8.55 lakh policies for the month of April 2024, Group Policies stood at 1,169 in the month of April 2025 from 1,425 for the month of April 2024.

 

Comparison of January-April 2025 with January-April 2024

 

Total Premium collected by LIC for the four-month period January- April 2025, stood at ₹82,324.58 crore from ₹87,500.97 crore for the same month last year. In the Individual Premium segment amounted to ₹23,188.46 crore, compared to ₹22,164.24 crore in the same period last year. The Group Premium segment amounted to ₹59,136.12 crore for the January-April 2025, from ₹65,336.73 crore in the previous year.

 

LIC issued a total policy of 68.05 lakh for the four-month period January-April 2025 from 87.05 lakh policies in the same period last year. Policies for the Individual Category stood at 67.97 lakh in the January-April 2025, from 86.92 lakh in the January-April 2024. Group Policies stood at 8,930 in the January-April 2025 from 13,248 policies in the January-April 2024.