Data Alert
Life insurers' first-year premium income rises 21% YoY in July
This story was originally published at 14:59 IST on 7 August 2026
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--Life insurers 1st year premium INR 470.05 bln in Jul, up 20.7% YoY
--Life insurers 1st year premium INR 1.56 tln in Apr-Jul, up 17.5% YoY
--Pvt life insurers 1st year premium INR 190.11 bln in Jul, up 16.3% YoY
--SBI Life 1st year premium INR 38.99 bln in Jul, up 2.5% YoY
--HDFC Life 1st year premium INR 35.28 bln in Jul, up 15.5% YoY
--Canara HSBC Life 1st year premium INR 2.91 bln in Jul, up 23.9% YoY
--ICICI Pru Life 1st year premium INR 23.01 bln in Jul, up 20.7% YoY
--ICICI Pru July annualised premium equivalent at INR 9.5 bln, up 15% on yr
--ICICI Pru Apr-Jul annualised premium equivalent INR 30.9 bln, up 15% on yr
NEW DELHI – The first-year premium income of life insurance companies in India rose 20.7% on year to INR 470.05 billion in July, data released by Life Insurance Council Friday showed. In Apr-Jul, the first-year premium income of life insurance companies in India grew 17.5% on year to INR 1.56 trillion. In June, life insurance companies' first-year premium income was INR 464.91 billion, up nearly 13.1% on year.
Life Insurance Corp. of India's first-year premium income rose 23.8% on year in July to INR 279.94 billion. Private life insurance companies' first-year premiums rose at a slower pace, up 16.3% on year at INR 190.11 billion.
LIC's market share remained flat from the previous month. Its market share was 59.6% in July. The state-owned insurance company's market share was 58.06% in July last year.
Among private insurers, SBI Life Insurance Co. Ltd.'s first-year premium income rose 2.5% on year to INR 38.99 billion in July while that of ICICI Prudential Life Insurance Co. Ltd. rose 20.7% on year to INR 23.01 billion. The private life insurer's annualised premium equivalent rose 15% on year each to INR 9.5 billion in July and INR 30.9 billion in Apr-Jul.
HDFC Life Insurance Co. Ltd.'s premium income rose 15.5% on year in July to INR 35.28 billion. Canara HSBC Life Insurance Co. Ltd. reported a 23.9% on-year growth in premium income last month to INR 2.91 billion.
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 2026 | July 2025 | Y-o-Y change | Market Share Jul 2026 |
| Acko Life Insurance Co. Ltd. | 185.3 | 96.4 | 92.2% | 0.04% |
| Aditya Birla Sun Life Insurance Co. Ltd. | 19,022.5 | 6,864.9 | 177.1% | 4.05% |
| Ageas Federal Life Insurance Co. Ltd. | 1,787.6 | 1,635.1 | 9.3% | 0.38% |
| Aviva Life Insurance Co. Ltd. | 346.5 | 300.1 | 15.5% | 0.07% |
| Axis Max Life Insurance Ltd. | 12,524.7 | 10,510.5 | 19.2% | 2.66% |
| Bajaj Life Insurance Ltd. | 13,861.7 | 11,516.6 | 20.4% | 2.95% |
| Bandhan Life Insurance Ltd. (Formerly Aegon Life Insurance Co. Ltd.) | 451.5 | 312.0 | 44.7% | 0.10% |
| Bharti AXA Life Insurance Co. Ltd. | 653.3 | 645.7 | 1.2% | 0.14% |
| Canara HSBC Life Insurance Co. Ltd. | 2,905.1 | 2,345.1 | 23.9% | 0.62% |
| Creditaccess Life Insurance Co. Ltd. | 100.4 | 2,692.4 | (-)96.3% | 0.02% |
| Edelweiss Life Insurance Co. Ltd. | 421.6 | 419.0 | 0.6% | 0.09% |
| Generali Central Life Insurance Co. Ltd. | 1,598.6 | 598.7 | 167.0% | 0.34% |
| Godigit Life Insurance Ltd. | 1,512.6 | 1,586.4 | (-)4.7% | 0.32% |
| HDFC Life Insurance Co. Ltd. | 35,284.1 | 30,541.5 | 15.5% | 7.51% |
| ICICI Prudential Life Insurance Co. Ltd. | 23,009.2 | 19,062.7 | 20.7% | 4.90% |
| Indiafirst Life Insurance Co. Ltd. | 4,116.2 | 2,763.0 | 49.0% | 0.88% |
| Indusind Nippon Life Insurance Co. Ltd. | 977.3 | 906.5 | 7.8% | 0.21% |
| Kotak Mahindra Life Insurance Co. Ltd. | 8,354.8 | 6,801.8 | 22.8% | 1.78% |
| PNB Metlife Life Insurance Co. Ltd. | 5,483.3 | 4,839.2 | 13.3% | 1.17% |
| Pramerica Life Insurance Ltd.. | 1,302.1 | 1,129.8 | 15.3% | 0.28% |
| SBI Life Insurance Co. Ltd. | 38,987.1 | 38,025.7 | 2.5% | 8.29% |
| Shriram Life Insurance Co. Ltd. | 1,946.6 | 1,672.3 | 16.4% | 0.41% |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 4,620.0 | 8,801.3 | (-)47.5% | 0.98% |
| Tata Aia Life Insurance Co. Ltd. | 10,660.3 | 9,337.4 | 14.2% | 2.27% |
| Private Total | 190,112.3 | 163,404.1 | 16.3% | 40.45% |
| Life Insurance Corp. of India | 279,936.1 | 226,176.4 | 23.8% | 59.55% |
| Grand Total | 470,048.4 | 389,580.5 | 20.7% | 100.00% |
End
Reported by Shweta
Edited by Akul Nishant Akhoury
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