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New biz premium of life insurers up 22%

Business Standard

|

August 09, 2025

New business premium (NBP) of life insurance companies rose 22.4 per cent year-on-year (Y-o-Y) in July to ₹38,958.1 crore, aided by robust growth of state-owned Life Insurance Corporation (LIC).

- AATHIRA VARIER

While LIC recorded 22.72 per cent Y-o-Y growth in NBP to ₹22,617.64 crore in the month supported by healthy growth in group single premiums, private life insurers posted 22.02 per cent Y-o-Y growth in NBP to ₹16,340.41 crore, aided by growth in the individual segmen

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