LIC Records 13.8% Jump In Group Premium During May

New Delhi: Life Insurance Corporation of India (LIC), the rustic’s biggest existence insurer, reported a 13.79 in keeping with cent year-on-year build up in workforce top rate for May this 12 months. For the primary two months of the monetary 12 months 2025-2026, workforce top rate grew 13.66 in keeping with cent, knowledge launched via the Life Insurance Council confirmed on Monday. 

In May, LIC amassed Rs 14,374.87 crore in workforce top rate up from Rs 12,632.26 crore in May 2024. The general new trade top rate grew 10.27 in keeping with cent from Rs 16,690.39 crore in May 2024 to Rs 18,405.04 crore in May this 12 months. 

The general existence insurance coverage trade garnered Rs 30,463.20 crore, marking an 12.68 in keeping with cent upward thrust over Rs 27,034.14 crore amassed in the similar month closing 12 months. In the Individual Premium class, LIC posted a slight decline of 0.69 in keeping with cent, accumulating Rs 4,030.17 crore in May 2025 in comparison to Rs 4,058.13 crore in May 2024.

Total insurance policies issued via LIC all over May this 12 months stood at 10.68 lakh in comparison to 12.51 lakh in the similar duration closing 12 months. While particular person insurance policies numbered 10.67 lakh for the month in comparison to 12.48 lakh in May 2024. Group insurance policies stood at 1,389 within the month in comparison with 2,279 for the month of May 2024.

Total Premium amassed via LIC for the April-May 2025, stood at Rs 32,015.68 crore up from Rs 29,074.03 crore for a similar months closing 12 months. In the Individual Premium phase amounted to Rs 7,191.04 crore, down from Rs 7,233.61 crore in the similar duration closing 12 months. The Group Premium phase amounted to Rs 24,824.64 crore for the April-May 2025, up from Rs 21,840.42 crore within the earlier 12 months.

LIC issued a complete coverage of 17.94 lakh for the months of April and May 2025 in comparison with 21.07 lakh insurance policies in the similar duration closing 12 months. Policies for the Individual Category stood at 17.91 lakh within the April-May 2025, in comparison with 21.03 lakh within the April-May 2024. Group Policies stood at 2,558 within the April-May 2025 in comparison with 3,704 insurance policies within the April-May 2024.

LIC reported a powerful 38 in keeping with cent YoY expansion in This fall FY25 consolidated internet benefit, achieving Rs 19,039 crore, and introduced a last dividend of Rs 12 in keeping with percentage. While internet top rate source of revenue noticed a slight dip, the total monetary 12 months witnessed an 18 in keeping with cent build up in PAT to Rs 48,151 crore. An advantage of Rs 56,190.24 crore used to be declared to policyholders.