Data Alert
Life insurers' first-year premium income rises 22% on year in Jan
This story was originally published at 14:20 IST on 9 February 2026
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--Life insurers 1st year premium INR 374.78 bln in Jan, up 21.6% YoY
--CONTEXT: Life Insurance Council releases new business data for January
--LIC 1st year premium INR 204.41 bln in Jan, up 25.5% YoY
--Pvt life insurers 1st year premium INR 170.37 bln in Jan, up 17.2% YoY
--SBI Life 1st year premium INR 35.34 bln in Jan, up 7.9% YoY
--HDFC Life 1st year premium INR 29.24 bln in Jan, down 2.9% YoY
--ICICI Pru Life 1st year premium INR 19.90 bln in Jan, up 12.0% YoY
--Life insurers 1st year premium INR 3.48 tln in Apr-Jan, up 13.9% YoY
MUMBAI – The first-year premium income of life insurance companies in India rose 21.6% on year to INR 374.78 billion in January, data released by the Life Insurance Council Monday showed. In December, life insurance companies' premium income was INR 421.51 billion.
Life Insurance Corp. of India led the rise in premium income in January, with a 25.5% on-year increase to INR 204.41 billion. Private life insurance companies' premiums were up 17.2% in January at INR 170.37 billion.
LIC's market share increased in January from the end of 2025 and also a year ago. Its market share was 54.5% in January, against 50.5% in December and 52.9% in January 2025.
Among private insurers, SBI Life Insurance Co. Ltd.'s first-year premium income rose 7.9% on year to INR 35.34 billion in January and that of ICICI Prudential Life Insurance Co. Ltd. rose 12% to INR 19.90 billion.
HDFC Life Insurance Co. Ltd.'s premium income fell 2.9% on year in January to INR 29.24 billion. Canara HSBC Life Insurance Co. Ltd. reported a 20% growth in premium income last month to INR 2.45 billion.
Insurance companies' premium income during Apr-Jan was INR 3.48 trillion, up 13.9% on year.
The following is a table of new premium income of life insurance companies in January, in INR million, compared with the year-ago period:
| Company | January 2026 | January 2025 | Y-o-Y % change | Market share January 2026 |
| Acko Life Insurance Co. Ltd. | 235.1 | 43.6 | 439.2% | 0.06 |
| Aditya Birla Sun Life Insurance Co. Ltd. | 10,037.1 | 6,163.5 | 62.8% | 2.68 |
| Ageas Federal Life Insurance Co. Ltd. | 1,208.6 | 993.9 | 21.6% | 0.32 |
| Aviva Life Insurance Co. Ltd. | 260.4 | 557.9 | (-)53.3% | 0.07 |
| Axis Max Life Insurance Ltd. | 12,354.5 | 9,964.0 | 24.0% | 3.30 |
| Bajaj Life Insurance Ltd. | 11,909.7 | 8,855.4 | 34.5% | 3.18 |
| Bandhan Life Insurance Ltd. (Formerly Aegon Life Insurance Co. Ltd.) | 436.6 | 256.4 | 70.3% | 0.12 |
| Bharti Axa Life Insurance Co. Ltd. | 828.3 | 546.7 | 51.5% | 0.22 |
| Canara Hsbc Life Insurance Co. Ltd. | 2,448.7 | 2,039.3 | 20.1% | 0.65 |
| Creditaccess Life Insurance Co. Ltd. | 440.6 | 794.1 | (-)44.5% | 0.12 |
| Edelweiss Life Insurance Co. Ltd. | 515.8 | 552.5 | (-)6.6% | 0.14 |
| Generali Central Life Insurance Co. Ltd. | 1,121.5 | 388.1 | 189.0% | 0.30 |
| Godigit Life Insurance Ltd. | 1,323.8 | 964.0 | 37.3% | 0.35 |
| Hdfc Life Insurance Co. Ltd. | 29,237.0 | 30,114.4 | (-)2.9% | 7.80 |
| Icici Prudential Life Insurance Co. Ltd. | 19,900.8 | 17,775.3 | 12.0% | 5.31 |
| Indiafirst Life Insurance Co. Ltd. | 2,917.2 | 2,435.5 | 19.8% | 0.78 |
| Indusind Nippon Life Insurance Co. Ltd. | 1,413.3 | 949.2 | 48.9% | 0.38 |
| Kotak Mahindra Life Insurance Co. Ltd. | 9,049.4 | 7,543.4 | 20.0% | 2.41 |
| Pnb Metlife Life Insurance Co. Ltd. | 8,595.9 | 3,672.3 | 134.1% | 2.29 |
| Pramerica Life Insurance Ltd.. | 1,562.9 | 1,188.3 | 31.5% | 0.42 |
| Sbi Life Insurance Co. Ltd. | 35,337.6 | 32,752.6 | 7.9% | 9.43 |
| Shriram Life Insurance Co. Ltd. | 2,071.2 | 1,817.6 | 14.0% | 0.55 |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 6,824.1 | 6,367.4 | 7.2% | 1.82 |
| Tata Aia Life Insurance Co. Ltd. | 10,343.3 | 8,590.0 | 20.4% | 2.76 |
| Private Total | 170,373.4 | 145,325.0 | 17.2% | 45.46 |
| Life Insurance Corp. Of India | 204,410.2 | 162,926.7 | 25.5% | 54.54 |
| GRAND TOTAL | 374,783.5 | 308,251.7 | 21.6% | 100.00 |
End
Reported by Shubham Rana
Edited by Tanima Banerjee
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