LIC's new business premium for FY25 grows 2% YoY to Rs 2.27 lakh crore

State-insurer Life Insurance Corporation of India (LIC) garnered over Rs 2.27 lakh crore in New Business Premium (NBP) for FY25, which was a 1.86% growth in NBP over Rs 2.22 lakh crore recorded in the year ago period. This includes a record Rs 62,405 crore from individual new businesses.

Individual New Business Premium for FY25 registered a growth of 8.35% Year on Year basis, according to data from the Life Insurance Council.

For FY25, the group premium fell 0.40%, to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore last year.

For FY25, LIC sold 1.78 crore new policies, despite the introduction of new surrender value norms effective from October 1, 2024.

Looking at segment-specific performance in March 2025, the Individual Premium segment saw a 10.75% rise, totalling Rs 10,022 crore, up from Rs 9,048.87 crore in March 2024. Conversely, the Group Premium fell by 1.34% to Rs 26,885.33 crore from Rs 27,251.74 crore last year.

LIC shares today closed in the red, falling by Rs 1.80 or 0.22% to Rs 819.60 on the NSE.

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