LIC Sees 9.91% YoY Growth In New Business Premiums For April 2025- Details Here

New Delhi: Life Insurance Corporation of India (LIC) on Tuesday reported a 9.91 consistent with cent building up year-on-year in new industry top class for April — surpassing the business expansion price of 8.43 consistent with cent and personal existence insurers’ expansion of 6.09 consistent with cent.  As consistent with information launched by means of the Life Insurance Council, LIC amassed Rs 13,610.63 crore in new industry premiums closing month, up from Rs 12,383.64 crore in the similar month closing 12 months.

The total existence insurance coverage business garnered Rs 21,965.73 crore, marking an 8.43 consistent with cent upward thrust over Rs 20,258.86 crore amassed in the similar month closing 12 months. Private existence insurers contributed Rs 8,355.10 crore, registering a 6.09 consistent with cent expansion over the former 12 months’s Rs 7,875.22 crore.

As consistent with the knowledge, within the Individual Premium class, LIC posted a slight decline of 0.46 consistent with cent, gathering Rs 3,160.87 crore in April 2025 in comparison to Rs 3,175.47 crore in April 2024. However, the Group Premium phase recorded a strong 13.48 consistent with cent expansion, emerging to Rs 10,449.76 crore from Rs 9,208.17 crore a 12 months previous.

Total insurance policies issued by means of LIC stood at 7.26 lakh, from 8.56 lakh in the similar length closing 12 months. While person insurance policies was once 7.24 lakh polices for April, from 8.55 lakh insurance policies in 2024, Group Policies stood at 1,169, from 1,425 for the month of April 2024. As consistent with the knowledge, general top class amassed by means of LIC for the four-month length January-April 2025, stood at Rs 82,324.58 crore from Rs 87,500.97 crore for a similar month closing 12 months.

In the Individual Premium phase, it amounted to Rs 23,188.46 crore, in comparison to Rs 22,164.24 crore in the similar length closing 12 months.

The Group Premium phase amounted to Rs 59,136.12 crore for the January-April length, from Rs 65,336.73 crore within the earlier 12 months, as consistent with the knowledge. LIC issued a complete coverage of 68.05 lakh for the four-month length January-April 2025 from 87.05 lakh insurance policies in the similar length closing 12 months.