LIC's New Business Premium for FY25 stands at Rs 2.27 Trillion including a life time high individual premium of Rs 62,405 crore

According to 10 years of data available on Life Insurance Council, LIC posted its highest ever Individual Premium in the life insurance industry at Rs 62,405 crore for FY25  

LIC continues to be the market leader with overall market share of 57.05% in Indian life insurance business

Wednesday, 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.

LIC’s New Business Premium

Fiscal Years

New Business Premium (Rs cr)

New Business Premium (Rs cr)

% Change

FY15

78,302.82

90,123.75

-13.12

FY16

97,674.31

78,302.82

24.74

FY17

1,24,396.27

97,674.31

27.36

FY18

1,34,551.69

1,24,036.26

8.48

FY19

1,42,191.69

1,34,551.69

5.68

FY20

1,77,977.06

1,42,254.67

25.11

FY21

1,84,174.57

1,77,977.06

3.48

FY22

1,98,759.86

1,84,174.57

7.92

FY23

2,31,899.16

1,98,759.86

16.67

FY24

2,22,523.01

2,31,899.16

-4.04

FY25

2,26,669.91

2,22,523.01

1.86

Source: 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 1st 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