Data Alert
Life insurers' first-year premium income rises 12.1% YoY in Oct
This story was originally published at 12:26 IST on 10 November 2025
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--Life insurers 1st year premium INR 2.377 tln in Apr-Oct, up 8.3% YoY
--ICICI Pru Life 1st year premium INR 17.73 bln in Oct, up 6.5% YoY
--HDFC Life 1st year premium INR 28.29 bln in Oct, up 1.1% YoY
--SBI Life 1st year premium INR 31.85 bln in Oct, up 20.3% YoY
--Pvt life insurers 1st year premium INR 147.33 bln in Oct, up 11.5% YoY
--LIC 1st year premium INR 192.74 bln in Oct, up 12.5% YoY
--CONTEXT: Life Insurance Council releases new business data for Oct
--Life insurers 1st year premium INR 340.07 bln in Oct, up 12.1% YoY
NEW DELHI – The first-year premium income of life insurance companies in India rose 12.1% on year to INR 340.07 billion in October, data released by the Life Insurance Council Monday showed. In September, life insurance companies' premium income was INR 402.07 billion.
Premium income for the first seven months of 2025-26 (Apr-Mar) was INR 2.377 trillion, up 8.3% from the previous year. State-owned LIC's first-year premiums rose 12.5% on year to INR 192.74 billion in October, while private life insurers' premiums were up 11.5% at INR 147.33 billion.
LIC's market share decreased in October from a month ago but rose slightly from a year ago. Its market share was 56.7% in October, against 57.1% in September and 56.4% in October last year.
Among private insurers, SBI Life Insurance Co.'s first-year premium income surged 20.3% on year to INR 31.85 billion in October and that of HDFC Life Insurance Co. rose just 1.1% to INR 28.29 billion. ICICI Prudential Life Insurance Co. reported a 6.5% rise in premium income to INR 17.73 billion in October.
The following is a table of new premium income of life insurance companies in October, in INR million, compared with the year-ago period:
| Company | October 2025 | October 2024 | Year-on-year % change | Market share (October 2025) |
| Acko Life Insurance Co. Ltd. | 196 | 36.3 | 439.9% | 0.1% |
| Aditya Birla Sun Life Insurance Co. Ltd. | 11,227 | 9,404.8 | 19.37% | 3.3% |
| Ageas Federal Life Insurance | 1,096.7 | 1,031.6 | 6.3% | 0.3% |
| Aviva Life Insurance Co. Ltd. | 269.1 | 173.1 | 55.5% | 0.1% |
| Axis Max Life Insurance Ltd. | 9,666.6 | 8,407.5 | 15.0% | 2.8% |
| Bajaj Life Insurance Ltd. | 11,353.9 | 10,489.5 | 8.2% | 3.3% |
| Bandhan Life Insurance Ltd. | 267.6 | 139.8 | 91.4% | 0.1% |
| Bharti Axa Life Insurance Co. Ltd. | 6,99.1 | 493.4 | 41.7% | 0.2% |
| Canara HSBC Life Insurance Co. Ltd. | 3,140.3 | 1,767.9 | 77.6% | 0.9% |
| CreditAccess Life Insurance Co. Ltd. | 269.4 | 146.6 | 83.8% | 0.1% |
| Edelweiss Tokio Life Insurance Co. Ltd. | 344.9 | 294.5 | 17.1% | 0.1% |
| Generali Central Life Insurance Co. Ltd. | 757.8 | 435 | 74.2% | 0.2% |
| GoDigit Life Insurance Ltd. | 1,204 | 902.3 | 33.4% | 0.4% |
| HDFC Life Insurance Co. Ltd. | 28,288.1 | 27,991.5 | 1.1% | 8.3% |
| ICICI Prudential Life Insurance Co. Ltd. | 17,731.6 | 16,648.1 | 6.5% | 5.2% |
| IndiaFirst Life Insurance Co. Ltd. | 1,975.4 | 2,535.1 | (-)22.1% | 0.6% |
| Kotak Mahindra Life Insurance Co. Ltd. | 6,471.7 | 7,273.2 | (-)11% | 1.9% |
| PNB MetLife Life Insurance Co. Ltd. | 5,132.5 | 5,343.7 | (-)4% | 1.1% |
| Pramerica Life Insurance Ltd. | 1,081.7 | 966.5 | 11.9% | 0.3% |
| Reliance Nippon Life Insurance Co. Ltd. | 855.5 | 622.6 | 37.4% | 0.3% |
| SBI Life Insurance Co. Ltd. | 31,850.1 | 26,483.8 | 20.3% | 9.4% |
| Shriram Life Insurance Co. Ltd. | 1,714.1 | 1,608.9 | 6.5% | 0.5% |
| Star Union Dai-ichi Life Insurance Co. Ltd. | 4,371.2 | 2,290.6 | 90.8% | 1.3% |
| TATA AIA Life Insurance Co. Ltd. | 7,365.1 | 6,678.9 | 10.3% | 2.2% |
| PRIVATE TOTAL | 147,329.4 | 132,165.1 | 11.5% | 43.3% |
| Life Insurance Corp. of India | 192,740.1 | 171,310.9 | 12.5% | 56.7% |
| GRAND TOTAL | 340,069.5 | 303,476 | 12.1% | 100.0% |
End
Reported by Pratiksha
Edited by Tanima Banerjee
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