Data Alert
Life insurers' 1st year premium income falls 5.2% on year in Aug
This story was originally published at 15:55 IST on 9 September 2025
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--Life insurers 1st year premium INR 1.635 tln in Apr-Aug, up 6.0% YoY
--ICICI Pru Life 1st year premium INR 17.76 bln in Aug, up 17.7% YoY
--HDFC Life 1st year premium INR 30.64 bln in Aug, up 9.5% YoY
--SBI Life 1st year premium INR 33.21 bln in Aug, up 22.8% YoY
--Pvt life insurers 1st year premium INR 149.36 bln in Aug, up 12.0% YoY
--LIC 1st year premium INR 160.23 bln in Aug, down 17.0% YoY
--Life insurers 1st year premium INR 309.59 bln in Aug, down 5.2% YoY
MUMBAI – Life insurance companies in India reported a 5.2% year-on-year fall in first-year premium income to INR 309.59 billion in August, data released by the Life Insurance Council on Tuesday showed. Premium income for the first five months of 2025-26 (Apr-Mar) was INR 1.635 trillion, up 6.0% from the previous year. In the Apr-Jul period, premium income of life insurers had risen 9.0% on year to INR 1.33 trillion.
State-owned Life Insurance Corp. of India's first-year premiums fell 17% on year to INR 160.23 billion in August while private life insurers reported a rise of 12.0% on year to INR 149.36 billion.
LIC's market share declined in August from a month ago and year ago. Its market share was 51.8% in August, against 58.1% in July and 59.2 in August last year.
Amongst private insurers, SBI Life Insurance Co.'s first-year premium income surged 22.8% on year to INR 33.21 billion and that of HDFC Life Insurance Co. rose 9.5% to INR 30.64 billion. ICICI Prudential Life Insurance Co. reported a 17.7% rise in premium income to INR 17.76 billion in August.
The following is a table of new premium income of life insurance companies in August, in INR million, compared with the year-ago period:
| Company | August 2025 | August 2024 | Year-on-year % change | Market share (August 2025) |
| Acko Life Insurance Co. Ltd. | 85.10 | 37.20 | 128.76 | 0.03 |
| Aditya Birla Sun Life Insurance Co. Ltd. | 5,518.30 | 6,500.50 | (-)15.11 | 1.78 |
| Ageas Federal Life Insurance Co. Ltd. | 1,204.70 | 1,293.00 | (-)6.83 | 0.39 |
| Aviva Life Insurance Co. Ltd. | 310.30 | 240.90 | 28.81 | 0.10 |
| Axis Max Life Insurance Co. Ltd. | 11,437.10 | 9,560.60 | 19.63 | 3.69 |
| Bajaj Allianz Life Insurance Co. Ltd. | 14,848.80 | 9,525.20 | 55.89 | 4.80 |
| Bandhan Life Insurance Ltd. | 301.40 | 69.90 | 331.19 | 0.10 |
| Bharti AXA Life Insurance Co. Ltd. | 625.50 | 542.50 | 15.30 | 0.20 |
| Canara HSBC Life Insurance Co. Ltd. | 2,640.70 | 1,844.10 | 43.20 | 0.85 |
| CreditAccess Life Insurance Co. Ltd. | 226.60 | 107.20 | 111.38 | 0.07 |
| Edelweiss Tokio Life Insurance Co. Ltd. | 451.50 | 396.00 | 14.20 | 0.15 |
| Future Generali India Life Insurance Co. Ltd. | 831.40 | 289.60 | 187.09 | 0.27 |
| Godigit Life Insurance Ltd. | 1,006.90 | 694.40 | 45.00 | 0.33 |
| HDFC Life Insurance Co. Ltd. | 30,638.50 | 27,970.30 | 9.54 | 9.90 |
| ICICI Prudential Life Insurance Co. Ltd. | 17,762.60 | 15,091.20 | 17.70 | 5.74 |
| IndiaFirst Life Insurance Co. Ltd. | 2,328.10 | 1,910.50 | 21.86 | 0.75 |
| Kotak Mahindra Life Insurance Co. Ltd. | 6,346.10 | 5,625.30 | 12.81 | 2.05 |
| PNB Metlife Life Insurance Co. Ltd. | 4,653.70 | 3,810.50 | 22.13 | 1.50 |
| Pramerica Life Insurance Ltd. | 1,147.90 | 1,039.00 | 10.48 | 0.37 |
| Reliance Nippon Life Insurance Co. Ltd. | 846.20 | 822.70 | 2.86 | 0.27 |
| SBI Life Insurance Co. Ltd. | 33,212.40 | 27,093.20 | 22.83 | 10.73 |
| Shriram Life Insurance Co. Ltd. | 1,744.90 | 1,485.30 | (-)49.86 | 0.56 |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 2,961.80 | 10,223.20 | (-)71.03 | 0.96 |
| TATA AIA Life Insurance Co. Ltd. | 88,229.60 | 7,231.40 | 13.80 | 2.66 |
| PRIVATE TOTAL | 149,360.00 | 133,349.90 | 12.01 | 48.24 |
| Life Insurance Corp. of India Ltd. | 160,227.70 | 193,091.00 | (-)17.02 | 51.76 |
| GRAND TOTAL | 309,587.70 | 326,440.90 | (-)5.16 | 100% |
End
Reported by Vaishali Tyagi and Gowri Lakshmi
Edited by Ashish Shirke
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