Data Alert
Life insurers' 1st year premium income rises 22% YoY in Jul
This story was originally published at 11:59 IST on 8 August 2025
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--Life insurers 1st yr premium up 22.4% YoY at INR 389.58 bln in Jul
--CONTEXT: Life Insurance Council releases new business data for Jul
--LIC 1st year premium up 22.7% YoY at INR 226.18 bln in Jul
--Pvt life insurers 1st year premium up 22.0% YoY at INR 163.40 bln in Jul
--SBI Life 1st year premium up 26.9% YoY at INR 38.03 bln in Jul
--HDFC Life 1st year premium up 13.2% YoY at INR 30.54 bln in Jul
--ICICI Pru Life 1st year premium up 8.3% YoY at INR 19.06 bln in Jul
MUMBAI – The first-year premium income of life insurance companies in India rose 22.4% on year to INR 389.58 billion in July, data released by the Life Insurance Council on Friday showed. The rise in premium income was broad-based, with both the private sector and Life Insurance Corp. of India seeing over 20% increase from a year ago.
Premium income during the first four months of 2025-26 (Apr-Mar) was INR 1.33 trillion, up 9.0% on year. Premium income had declined 3% on year in June to INR 411.17 billion.
LIC's first-year premiums rose 22.7% on year to INR 226.18 billion in July and private life insurers' premiums were up 22.0% at INR 162.40 billion. LIC's market share fell shaprly in July from a month ago but was higher compared to July 2024. LIC's market share was 58.1% in July, against 66.6% in June and 57.9% in July 2024.
SBI Life Insurance Co.'s premium income rose 26.9% on year to INR 38.03 billion and HDFC Life Insurance Co. Ltd.'s income was up 13.2% at INR 30.54 billion. ICICI Prudential Life Insurance Co. Ltd. registered a rise of 8.3% in premium income at INR 19.06 billion in July.
The following is a table of new premium income of life insurance companies in July, in INR million, compared with the year-ago period:
| Company | July 2025 | July 2024 | Year-on-year % change | Market share (July 2025) |
| Acko Life Insurance Co. Ltd. | 96.40 | 49.10 | 96.33% | 0.0% |
| Aditya Birla Sun Life Insurance Co. Ltd. | 6,864.90 | 7,334.10 | (-)6.40% | 1.8% |
| Ageas Federal Life Insurance Co. Ltd. | 1,635.10 | 1,312.80 | 24.55% | 0.4% |
| Aviva Life Insurance Co. Ltd. | 300.10 | 260.70 | 15.11% | 0.1% |
| Axis Max Life Insurance Co. Ltd. | 10,510.50 | 9,277.10 | 13.30% | 2.7% |
| Bajaj Allianz Life Insurance Co. Ltd. | 11,516.60 | 11,959.10 | (-)3.70% | 3.0% |
| Bandhan Life Insurance Ltd. | 312.00 | 93.30 | 234.41% | 0.1% |
| Bharti AXA Life Insurance Co. Ltd. | 645.70 | 530.30 | 21.76% | 0.2% |
| Canara HSBC Life Insurance Co. Ltd. | 2,345.10 | 1,904.00 | 23.17% | 0.6% |
| CreditAccess Life Insurance Co. Ltd. | 2,692.40 | 107.60 | 2,402.23% | 0.7% |
| Edelweiss Tokio Life Insurance Co. Ltd. | 419.00 | 346.30 | 20.99% | 0.1% |
| Future Generali India Life Insurance Co. Ltd. | 598.70 | 330.60 | 81.09% | 0.2% |
| Godigit Life Insurance Ltd. | 1,586.40 | 1,227.90 | 29.20% | 0.4% |
| HDFC Life Insurance Co. Ltd. | 30,541.50 | 26,990.10 | 13.16% | 7.8% |
| ICICI Prudential Life Insurance Co. Ltd. | 19,062.70 | 17,600.00 | 8.31% | 4.9% |
| IndiaFirst Life Insurance Co. Ltd. | 2,763.00 | 2,333.70 | 18.40% | 0.7% |
| Kotak Mahindra Life Insurance Co. Ltd. | 6,801.80 | 6,087.50 | 11.73% | 1.7% |
| PNB Metlife Life Insurance Co. Ltd. | 4,839.20 | 2,628.20 | 84.13% | 1.2% |
| Pramerica Life Insurance Ltd. | 1,129.80 | 979.90 | 15.30% | 0.3% |
| Reliance Nippon Life Insurance Co. Ltd. | 906.50 | 836.70 | 8.34% | 0.2% |
| SBI Life Insurance Co. Ltd. | 38,025.70 | 29,956.10 | 26.94% | 9.8% |
| Shriram Life Insurance Co. Ltd. | 1,672.30 | 1,548.20 | 8.02% | 0.4% |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 8,801.30 | 3,118.00 | 182.27% | 2.3% |
| TATA AIA Life Insurance Co. Ltd. | 9,337.40 | 7,109.20 | 31.34% | 2.4% |
| PRIVATE TOTAL | 1,63,404.10 | 1,33,920.70 | 22.02% | 41.9% |
| Life Insurance Corp. of India Ltd. | 226,176.40 | 1,84,306.30 | 22.72% | 58.1% |
| GRAND TOTAL | 389,580.50 | 318,226.90 | 22.42% | 100.0% |
End
Reported by Shubham Rana
Edited by Avishek Dutta
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