Life insurance companies in India reported new business premium rose 13% in June to ₹46,490.53 crore compared to the ₹41,117.30 crore a year earlier.

Market leader, the State-owned Life Insurance Corporation of India (LIC) posted a muted NBP growth at ₹27,724.62 crore (₹27,395 crore). Private life insurers clocked ₹18,765.90 crore (₹13,722.29 crore). The number of policies/schemes sold by all the life insurers for June stood at 21,51,880 (2006322).

In May, the life insurers together had posted 5% increase in the NBP to ₹32,030.84 crore even as the number of policies/scheme they sold remained a tad lower.

For the quarter ended June, the new business of the life insurers increased 16.60% to ₹109071.75 crore (₹93,544.69 crore).

LIC registered a new business of ₹65,548.88 crore, an increase of 10.33% from the ₹59,410.68 crore a year earlier. The number of policies and schemes it sold during the first quarter was a little over 2% more y-o-y at 3105635.

The private players, on a 12.68% increase y-o-y in the policies and schemes sold at 2007797, reported new business, for the June quarter, increased 27.51% to ₹43,522.87 crore (₹34,134.01 crore).

On the June numbers, Emkay Research said while the protection segment saw continued growth momentum aided by the GST rate exemption, the savings business was hit by uncertainties due to geopolitical tensions stemming from the West Asia conflict and the overall macroeconomic situation.

Published - July 09, 2026 09:56 pm IST