Life Insurance Premium Mobilisation Rises by 5.13% in FY25
The Indian life insurance industry witnessed a healthy growth of 5.13% in total new business premium collection in the financial year 2024–25, showing improved momentum compared to the previous year. The individual new business premium segment surged by 11.17%, indicating increased participation from first-time policyholders. This growth reflects the industry’s strategic focus on expanding market reach and providing comprehensive financial protection.
| Summary/Static | Details |
| Why in the news? | Life Insurance Premium Mobilisation Rises by 5.13% in FY25 |
| Total New Business Premium | ₹3,97,336 crore |
| Growth in Total Premium (YoY) | 5.13% |
| Individual New Business Premium | ₹1,66,590.81 crore |
| Growth in Individual Premium (YoY) | 11.17% |
| LIC’s Total New Business Premium | ₹2,26,669 crore |
| LIC’s Individual Premium Collection | ₹62,404 crore (Record high) |
| LIC’s Market Share | 57.05% |
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