LIC’s July new business premium jumps 22.72% YoY; the highest so far in FY26
Friday, 08 August 2025: Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a 22.72% year-on-year (YoY) increase in new business premium for the month of July 2025 highest in CY25, as per data released by the Life Insurance Council. LIC’s New Business Premium (Rs cr) Month April 2024 to July 2024 April 2025 to July 2025 % Change YoY April 12,383.64 13,610.63 9.91 May 16,690.39 18,405.04 10.27 June 28,366.87 27,395 -3.43 July 18,430.63 22,617.64 22.72 Source: Life Insurance Council In July 2025, LIC collected ₹22,617.64 crore in new business premiums, up from ₹18,430.63 crore in July 2024. The overall life insurance industry garnered ₹38,958.05 crore, marking an 22.42% rise over ₹31,822.69 crore collected in the same month last year. Private life insurers contributed ₹16,340.41 crore, registering a 22.02% growth over the previous year’s ₹13,392.07 crore. In the Individual Premium category, LIC posted an increase of 10.33%, collecting ₹6,045.47 cr...