Data Alert
Life insurers' first-yr premium income up 24% YoY Mar; up 16% FY26
This story was originally published at 14:16 IST on 21 April 2026
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--Life insurers 1st year premium INR 758.72 bln in Mar, up 23.5% YoY
--CONTEXT: Life Insurance Council releases new business data for Mar
--LIC 1st year premium INR 433.10 bln in Mar, up 17.3% YoY
--Pvt life insurers 1st year premium INR 325.62 bln in Mar, up 32.7% YoY
--SBI Life 1st year premium INR 48.95 bln in Mar, up 26.4% YoY
--HDFC Life 1st year premium INR 56.13 bln in Mar, up 15.1% YoY
--ICICI Pru Life 1st year premium INR 55.81 bln in Mar, up 46.5% YoY
--Life insurers 1st year premium INR 4.60 tln in FY26, up 15.7% YoY
NEW DELHI – The first-year premium income of life insurance companies in India rose 23.5% on year to INR 758.72 billion in March, data released by the Life Insurance Council Tuesday showed. The life insurance companies in India saw over twofold jump sequentially in first-year premium income. In February, life insurance companies' premium income was INR 354.17 billion.
For 2025-26 (Apr-Mar), the first-year premium income of life insurance companies in India grew 15.7% to INR 4.60 trillion from INR 3.97 trillion a year ago. In FY25, first-year premium income of life insurance companies in India had grown just 5.1% on year to INR 3.97 trillion.
March's robust rise in first-year premium income was led by Life Insurance Corp. of India, with its premium rising 17.3% on year to INR 433.10 billion. Meanwhile, private life insurance companies' premiums were up 32.7% on year to INR 325.62 billion last month.
Life Insurance Corp. of India's market share rose in March from February, but was lower from a year ago. Its market share was 57.9% in March against 54.4% in February and 60.1% in March 2025.
Among private insurers, SBI Life Insurance Co. Ltd.'s first-year premium income rose 26.4% on year to INR 48.95 billion in March and that of ICICI Prudential Life Insurance Co. Ltd. rose 46.5% to INR 55.81 billion. HDFC Life Insurance Co. Ltd.'s premium income grew 15.1% on year in March to INR 56.13 billion.
Aditya Birla Sun Life Insurance Co. Ltd. reported an over-twofold on-year jump in premium income last month to INR 31.38 billion. Acko Life Insurance Co. Ltd. posted a nearly threefold on-year growth in premium income in March to INR 260.2 million.
Following is a table of new premium income of life insurance companies in March, in INR million, compared with the year-ago period:
| Company | March 2026 | March 2025 | Y-o-Y % change | Market share March 2026 |
| Acko Life Insurance Co. Ltd. | 260.20 | 95.80 | 171.61% | 0.03% |
| Aditya Birla Sun Life Insurance Co. Ltd. | 31,378.20 | 15,240.50 | 105.89% | 4.19% |
| Ageas Federal Life Insurance Co. Ltd. | 2,585.00 | 1,523.90 | 69.63% | 0.35% |
| Aviva Life Insurance Co. Ltd. | 553.80 | 450.60 | 22.90% | 0.07% |
| Axis Max Life Insurance Ltd. | 22,847.90 | 20,561.70 | 11.12% | 3.05% |
| Bajaj Life Insurance Ltd. | 22,835.10 | 18,228.00 | 25.27% | 3.05% |
| Bandhan Life Insurance Ltd (Formerly Aegon Life Insurance Co. Ltd. ) | 891.30 | 468.50 | 90.25% | 0.12% |
| Bharti Axa Life Insurance Co. Ltd. | 2,191.00 | 1,377.00 | 59.11% | 0.29% |
| Canara Hsbc Life Insurance Co. Ltd. | 3,858.70 | 3,760.90 | 2.60% | 0.52% |
| CreditAccess Life Insurance Co. Ltd. | 669.40 | 400.90 | 66.97% | 0.09% |
| Edelweiss Life Insurance Co. Ltd. | 1,586.80 | 1,470.40 | 7.92% | 0.21% |
| Generali Central Life Insurance Co. Ltd. | 3,824.30 | 2,500.80 | 52.92% | 0.51% |
| Godigit Life Insurance Limited | 1,913.10 | 1,019.60 | 87.63% | 0.26% |
| HDFC Life Insurance Co. Ltd. | 56,125.90 | 48,755.30 | 15.12% | 7.50% |
| ICICI Prudential Life Insurance Co. Ltd. | 55,810.50 | 38,097.20 | 46.50% | 7.45% |
| IndiaFirst Life Insurance Co. Ltd. | 5,218.20 | 3,654.60 | (-)82.43% | 0.70% |
| IndusInd Nippon Life Insurance Co. Ltd. | 2,444.70 | 2,487.80 | (-)1.73% | 0.33% |
| Kotak Mahindra Life Insurance Co. Ltd. | 24,190.20 | 13,115.10 | 84.45% | 3.23% |
| PNB Metlife Life Insurance Co. Ltd. | 6,039.90 | 6,719.50 | (-)10.11% | 0.81% |
| Pramerica Life Insurance Ltd. | 1,790.00 | 1,544.00 | 15.93% | 0.24% |
| SBI Life Insurance Co. Ltd. | 48,948.80 | 38,713.40 | 26.44% | 6.54% |
| Shriram Life Insurance Co. Ltd. | 4,981.10 | 3,698.80 | 34.67% | 0.67% |
| Star Union Dai-Ichi Life Insurance Co. Ltd. | 3,239.50 | 5,027.70 | (-)35.57% | 0.43% |
| Tata Aia Life Insurance Co. Ltd. | 21,436.50 | 16,405.40 | 30.67% | 2.86% |
| Private Total | 325,620.20 | 245,317.50 | 32.73% | 43.49% |
| Life Insurance Corporation Of India | 433,102.40 | 369,073.30 | 17.35% | 57.85% |
| Grand Total | 758,722.60 | 614,390.80 | 21.86% | 100.00% |
End
Reported by Shweta
Edited by Deepshikha Bhardwaj
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