Data Alert
Life insurers' first-year premium income rises 18.1% YoY in Feb
This story was originally published at 13:57 IST on 9 March 2026
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--Life insurers 1st year premium INR 354.17 bln in Feb, up 18.1% YoY
--CONTEXT: Life Insurance Council releases new business data for Feb
--LIC 1st year premium INR 192.67 bln in Feb, up 24.2% YoY
--Pvt life insurers 1st year premium INR 161.50 bln in Feb, up 11.6% YoY
--SBI Life 1st year premium INR 27.97 bln in Feb, up 28.6% YoY
--HDFC Life 1st year premium INR 31.30 bln in Feb, down 2.6% YoY
--ICICI Pru Life 1st year premium INR 21.48 bln in Feb, up 15.7% YoY
--Life insurers 1st year premium INR 3.84 tln in Apr-Feb, up 14.3% YoY
NEW DELHI – The first-year premium income of life insurance companies in India rose 18.1% on year to INR 354.17 billion in February, data released by the Life Insurance Council Monday showed. In January, life insurance companies' premium income was INR 374.78 billion.
Life Insurance Corp. of India led the rise in premium income in February with a 24.2% on-year increase at INR 192.67 billion. Private life insurance companies' premiums, meanwhile, were up 11.6% in February at INR 161.50 billion.
LIC's market share in February rose from a year ago but was similar to January. Its market share was 54.4% in February, against 54.5% in January and 51.7% in February 2025.
Among private insurers, SBI Life Insurance Co. Ltd.'s first-year premium income rose 28.6% on year to INR 27.97 billion in February and that of ICICI Prudential Life Insurance Co. Ltd. rose 15.7% to INR 21.48 billion.
HDFC Life Insurance Co. Ltd.'s premium income fell 2.6% on year in February to INR 31.30 billion. Canara HSBC Life Insurance Co. Ltd. reported a 52% on-year jump in premium income last month at INR 2.85 billion.
For Apr-Feb, Insurance companies' premium income was INR 3.84 trillion, up 14.3% on year.
Following is a table of new premium income of life insurance companies in February, in INR million, compared with the year-ago period:
| Company | February 2026 | February 2025 | Y-o-Y % change | Market share February 2026 |
| Acko Life Insurance Co. Ltd. | 212.10 | 54.40 | 289.9% | 0.06% |
| Aditya Birla Sun Life Insurance Co. Ltd. | 7,022.80 | 10,299.00 | (-)31.8% | 1.98% |
| Ageas Federal Life Insurance Co. Ltd. | 1,279.50 | 1,214.70 | 5.3% | 0.36% |
| Aviva Life Insurance Co. Ltd. | 232.60 | 204.00 | 14.0% | 0.07% |
| Axis Max Life Insurance Limited | 13,386.40 | 10,314.60 | 29.8% | 3.78% |
| Bajaj Life Insurance Limited | 12,812.80 | 10,803.30 | 18.6% | 3.62% |
| Bandhan Life Insurance Limited (Formerly Aegon Life Insurance Co. Ltd. ) | 748.70 | 433.00 | 72.9% | 0.21% |
| Bharti Axa Life Insurance Co. Ltd. | 856.50 | 549.30 | 55.9% | 0.24% |
| Canara Hsbc Life Insurance Co. Ltd. | 2,851.00 | 1,875.00 | 52.1% | 0.80% |
| CreditAccess Life Insurance Co. Ltd. | 420.00 | -247.80 | (-)269.5% | 0.12% |
| Edelweiss Life Insurance Co. Ltd. | 513.50 | 609.00 | (-)15.7% | 0.14% |
| Generali Central Life Insurance Co. Ltd. | 1,975.70 | 5,640.20 | (-)65.0% | 0.56% |
| Godigit Life Insurance Limited | 1,341.00 | 884.10 | 51.7% | 0.38% |
| HDFC Life Insurance Co. Ltd. | 31,297.50 | 32,137.60 | (-)2.6% | 8.84% |
| ICICI Prudential Life Insurance Co. Ltd. | 21,483.00 | 18,570.50 | 15.7% | 6.07% |
| IndiaFirst Life Insurance Co. Ltd. | 3,136.00 | 3,400.80 | (-)7.8% | 0.89% |
| IndusInd Nippon Life Insurance Co. Ltd. | 1,232.40 | 889.30 | 38.6% | 0.35% |
| Kotak Mahindra Life Insurance Co. Ltd. | 10,069.20 | 7,415.60 | 35.8% | 2.84% |
| PNB Metlife Life Insurance Co. Ltd. | 3,505.20 | 3,546.00 | (-)1.2% | 0.99% |
| Pramerica Life Insurance Limited. | 1,286.40 | 1,050.80 | 22.4% | 0.36% |
| SBI Life Insurance Co. Ltd. | 27,966.60 | 21,745.30 | 28.6% | 7.90% |
| Shriram Life Insurance Co. Ltd. | 1,821.80 | 1,525.80 | 19.4% | 0.51% |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 3,816.60 | 2,939.20 | 29.9% | 1.08% |
| Tata Aia Life Insurance Co. Ltd. | 12,235.20 | 8,862.50 | 38.1% | 3.45% |
| Private Total | 161,502.50 | 144,716.20 | 11.6% | 45.60% |
| Life Insurance Corporation Of India | 192,670.20 | 155,139.50 | 24.2% | 54.40% |
| Grand Total | 354,172.70 | 299,855.80 | 18.1% | 100.00% |
End
Reported by Shubham Rana
Edited by Avishek Dutta
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