Data Alert
Life insurers' 1st year premium down 3.1% on year in Jun
This story was originally published at 16:04 IST on 10 July 2025
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--Life insurers' 1st yr premium down 3.1% YoY at INR 411.17 bln in Jun
--LIC 1st yr premium down 3.4% YoY at INR 273.95 bln in Jun
--Pvt life insurers' 1st yr premium down 2.5% YoY at INR 137.22 bln in Jun
--SBI Life 1st yr premium down 12.4% YoY at INR 26.20 bln in Jun
--HDFC Life 1st yr premium down 6.3% YoY at INR 25.23 bln in Jun
--ICICI Pru Life 1st yr premium up 4.1% YoY at INR 15.73 bln in Jun
NEW DELHI – The first-year premium income of life insurance companies in India fell on year in June, the first annual decline in a month since February. The first-year premium income in June of all life insurance companies collectively was down 3.1% on year at INR 411.17 billion, data released by the Life Insurance Council Thursday showed. However, in the June quarter, first-year premiums were up 4.3% on year at INR 935.45 billion.
The slowdown was broad-based across both Life Insurance Corp. of India and large private life insurers. The public-sector insurer's first-year premiums fell 3.4% on year to INR 273.95 billion, while private life insurers' premiums were down by 2.5% on year at INR 137.22 billion. LIC's market share in premium income rose to 66.6% in June from 60.4% in May.
While SBI Life Insurance Co. and HDFC Life Insurance Co. Ltd.'s premiums income fell on year, ICICI Prudential Life Insurance Co. Ltd. was an outlier, and registered a rise of 4.1% in premium income to INR 15.73 billion in June. As for the other two listed life insurers, SBI Life's first-year premium income fell 12.4% on year to INR 26.20 billion in June, while HDFC Life's fell 6.3% on year to INR 25.23 billion.
At 1439 IST, shares of LIC were down 2.3% at INR 924.85 on the National Stock Exchange, while HDFC Life's shares fell 1.5% to INR 774.75. Shares of ICICI Prudential Life were down 0.7% at INR 675.60, while those of those of SBI Life were up 0.4% to INR 1,822.10.
The following is a table of new premium income of life insurance companies in June, in INR million, compared with the year-ago period:
| Life Insurance | June-2025 | June-2024 | Year-on-Year Growth (%) | Market share (%) |
| Acko Life Insurance | 99.30 | 51.20 | 93.9 | 0.02 |
| Aditya Birla Sun Life Insurance | 7,484.00 | 13,115.60 | (-)42.9 | 1.82 |
| Ageas Federal Life Insurance | 1209.10 | 1,178.50 | 2.6 | 0.29 |
| Aviva Life Insurance | 307.10 | 264.70 | 16.0 | 0.07 |
| Axis Max Life Insurance | 10,847.50 | 8,939.70 | 21.3 | 2.64 |
| Bajaj Allianz Life Insurance | 8,514.40 | 10,824.50 | (-)21.3 | 2.07 |
| Bandhan Life Insurance Limited | 278.40 | 93.00 | 199.4 | 0.07 |
| Bharti AXA Life Insurance | 639.20 | 556.40 | 14.9 | 0.16 |
| Canara HSBC Life Insurance | 5,525.10 | 4,536.50 | 21.8 | 1.34 |
| CreditAccess Life Insurance | 209.60 | 91.60 | 128.8 | 0.05 |
| Edelweiss Tokio Life Insurance | 408.70 | 364.80 | 12.0 | 0.10 |
| Future Generali India Life Insurance | 778.50 | 436.80 | 78.2 | 0.19 |
| GoDigit Life Insurance Limited | 936.40 | 909.10 | 3.0 | 0.23 |
| HDFC Life Insurance | 25,233.60 | 26,942.90 | (-)6.3 | 6.14 |
| ICICI Prudential Life Insurance | 15,729.40 | 15,109.00 | 4.1 | 3.83 |
| IndiaFirst Life Insurance | 5,908.70 | 4,180.80 | 41.3 | 0.59 |
| Kotak Mahindra Life Insurance | 5,470.40 | 6,524.90 | (-)16.2 | 1.33 |
| PNB Metlife Life Insurance | 3,609.80 | 2,767.00 | 30.5 | 0.88 |
| Pramerica Life Insurance | 1,103.60 | 926.50 | 19.1 | 0.27 |
| Reliance Nippon Life Insurance | 944.20 | 1,015.60 | (-)7.0 | 0.23 |
| SBI Life Insurance | 26,203.70 | 29,899.50 | (-)12.4 | 6.37 |
| Shriram Life Insurance | 1,676.80 | 1,457.40 | 15.1 | 0.41 |
| Star Union Dai-ichi Life Insurance | 4,808.50 | 3,379.70 | 42.3 | 1.17 |
| Tata AIA Life Insurance | 9,295.20 | 7,102.30 | 30.9 | 2.26 |
| PRIVATE TOTAL | 137,221.40 | 140,668.20 | (-)2.5 | 33.37 |
| Life Insurance Corporation Of India | 273,950.00 | 283,668.70 | (-)3.4 | 66.63 |
| GRAND TOTAL | 411,171.40 | 424,336.90 | (-)3.1 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Aaryan Khanna
Edited by Akul Nishant Akhoury
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