Data Alert
Life insurers' first-year premium income rises 13.07% YoY in June
This story was originally published at 13:51 IST on 8 July 2026
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--Life insurers 1st year premium INR 464.91 bln in Jun
--CONTEXT: Life Insurance Council releases new business data for June
--Life insurers 1st year premium INR 464.91 bln in Jun, up 13.07% YoY
--Life insurers 1st year premium INR 1.09 tln in Apr-Jun, up 16.6% YoY
--SBI Life 1st year premium INR 31.96 bln in Jun, up 22% YoY
--HDFC Life 1st year premium INR 33.24 bln in Jun, up 31.7% YoY
--ICICI Pru Life 1st year premium INR 19.67 bln in Jun, up 25.1% YoY
--LIC 1st year premium INR 277.25 bln in Jun, up 1.2% YoY
--Pvt life insurers 1st year premium INR 187.66 bln in Jun, up 36.75% YoY
MUMBAI – The first-year premium income of life insurance companies in India rose 13.07% on year to INR 464.91 billion in June, data released by the Life Insurance Council on Wednesday showed. In May, life insurance companies' first-year premium income was INR 320.31 billion, up 5.15% on year.
Life Insurance Corp. of India's first-year premium income rose 1.2% on year in June to INR 277.25 billion. Private life insurance companies' first-year premiums recorded a sharp rise of 36.75% on year at INR 187.66 billion.
LIC's market share rose slightly from the previous month. Its market share was 59.6% in June, higher than 59.4% in May. The state-owned insurance company's market share was 66.6% in June last year.
Among private insurers, SBI Life Insurance Co. Ltd.'s first-year premium income rose almost 22% on year to INR 31.96 billion in June, while that of ICICI Prudential Life Insurance Co. Ltd. rose 25.1% on year to INR 19.67 billion.
HDFC Life Insurance Co. Ltd.'s premium income rose 31.7% on year in June to INR 33.24 billion. Canara HSBC Life Insurance Co. Ltd. reported a 21.22% on-year rise in premium income last month at INR 6.70 billion.
In Apr-Jun, the first-year premium income of life insurance companies in India rose 16.6% on year to INR 1.09 trillion.
Following is a table of new premium income of life insurance companies in June, in INR million, compared with the year-ago period:
| Company | June 2026 | June 2025 | Y-o-Y change | Market share June 2026 |
| ACKO LIFE INSURANCE CO. LTD. | 187.80 | 100.80 | 86.31% | 0.04% |
| ADITYA BIRLA SUN LIFE INSURANCE CO. LTD. | 12,429.70 | 7,484.00 | 66.08% | 2.67% |
| AGEAS FEDERAL LIFE INSURANCE CO. LTD. | 1,549.00 | 1,209.10 | 28.11% | 0.33% |
| AVIVA LIFE INSURANCE CO. LTD. | 402.30 | 307.10 | 31.00% | 0.09% |
| AXIS MAX LIFE INSURANCE LTD. | 13,134.70 | 10,847.50 | 21.09% | 2.83% |
| BAJAJ LIFE INSURANCE LTD. | 15,038.70 | 8,514.40 | 76.63% | 3.23% |
| BANDHAN LIFE INSURANCE LTD.(FORMERLY AEGON LIFE INSURANCE CO. LTD.) | 419.20 | 278.40 | 50.57% | 0.09% |
| BHARTI AXA LIFE INSURANCE CO. LTD. | 733.00 | 639.20 | 14.67% | 0.16% |
| CANARA HSBC LIFE INSURANCE CO. LTD. | 6697.80 | 5,525.10 | 21.22% | 1.44% |
| CREDITACCESS LIFE INSURANCE CO. LTD. | 356.10 | 209.60 | 69.90% | 0.08% |
| EDELWEISS LIFE INSURANCE CO. LTD. | 364.80 | 408.70 | (-)10.74% | 0.08% |
| GENERALI CENTRAL LIFE INSURANCE CO. LTD. | 2,995.20 | 778.50 | 284.74% | 0.64% |
| GODIGIT LIFE INSURANCE LTD. | 1,556.00 | 936.40 | 66.17% | 0.33% |
| HDFC LIFE INSURANCE CO. LTD. | 33,240.10 | 25,233.60 | 31.73% | 7.15% |
| ICICI PRUDENTIAL LIFE INSURANCE CO. LTD. | 19,672.50 | 15,729.40 | 25.07% | 4.23% |
| INDIAFIRST LIFE INSURANCE CO. LTD. | 7,099.90 | 5,908.70 | 20.16% | 1.53% |
| INDUSIND NIPPON LIFE INSURANCE CO. LTD. | 1,093.00 | 944.20 | 15.76% | 0.24% |
| KOTAK MAHINDRA LIFE INSURANCE CO. LTD. | 8,657.10 | 5,470.40 | 58.25% | 1.86% |
| PNB METLIFE LIFE INSURANCE CO. LTD. | 3,208.40 | 3,609.80 | (-)11.12% | 0.69% |
| PRAMERICA LIFE INSURANCE LTD. | 1,434.90 | 1,103.60 | 30.02% | 0.31% |
| SBI LIFE INSURANCE CO. LTD. | 31,961.10 | 26,203.70 | 21.97% | 6.87% |
| SHRIRAM LIFE INSURANCE CO. LTD. | 2,026.30 | 1,676.80 | 20.84% | 0.44% |
| STAR UNION DAI-ICHI LIFE INSURANCE CO. LTD. | 11,828.00 | 4,808.50 | 145.98% | 2.54% |
| TATA AIA LIFE INSURANCE CO. LTD. | 11,573.50 | 9,295.20 | 24.51% | 2.49% |
| PRIVATE | 187,659.00 | 137,222.90 | 36.75% | 40.36% |
| LIFE INSURANCE CORPORATION OF INDIA | 277,246.20 | 273,950.00 | 1.20% | 59.63% |
| GRAND TOTAL | 464,905.30 | 411,173.00 | 13.07% | 100.00% |
End
US$1 = INR 95.33
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Janwee Prajapati
Edited by Avishek Dutta
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