The Indian life insurance market saw LIC maintain its leadership position through its strong 9.91% year-over-year growth in new business premium (NBP) collections during April 2025. The company achieved superior growth than both the industry average of 8.43% and the 6.09% increase of private life insurers. The Life Insurance Council reported LIC received ₹13,610.63 crore in April 2025 which represented a rise from ₹12,383.64 crore during the previous year.
Private life insurers generated ₹8,355.10 crore in NBP during April but the life insurance industry as a whole reached ₹21,965.73 crore. The Group Premium segment at LIC delivered a 13.48% growth to ₹10,449.76 crore which helped offset the 0.46% decrease in Individual Premium collections.
The total number of policies issued by LIC decreased to 7.26 lakh during the current year from the 8.56 lakh policies issued in the previous year. Group policies decreased to 1,169 units from 1,425 units which indicates a permanent shift from premium-based to volume-based operations.
The total premium collected by LIC during the first four months of 2025 reached ₹82,324.58 crore which fell short of the ₹87,500.97 crore from the previous year’s corresponding period. The Individual Premium segment reached ₹23,188.46 crore while Group Premium decreased to ₹59,136.12 crore.
The decrease in policy numbers does not affect LIC’s position as a leading industry force because the company demonstrates strength through changing market conditions.
