INSURANCE
Life insurers’ new business premium rises 39% for April
May-12-2026

Life Insurance Council in its latest data (Provisional) has showed that life insurers posted 39.09% year-on-year (Y-o-Y) rise in new business premium (NBP) in the month of April 2026 at Rs 30550.38 crore as compared to Rs 21964.19 crore in the same month a year-ago. Out of which, the private insurers’ premium increased by 40.88% Y-o-Y to Rs 11768.28 crore in April 2026 from Rs 8353.56 crore April 2025. On the other hand, Life Insurance Corporation of India’s premium increased by 38% to Rs 18782.10 crore in April 2026 from Rs 13610.63 crore in April 2025. 

Of the total premium collected by life insurance companies in the month of April 2026, individual single premium stood at Rs 3118.79 crore as against Rs 2690.47 crore in April 2025, i.e. up by 15.92%; individual non-single premium surged 21.12% to Rs 6339.71 crore in April 2026 as compared to Rs 5234.34 crore in April 2025. Group Single Premium stood at Rs 18962.85 crore in April 2026, a Y-o-Y growth of 44.34%; and Group Non-Single Premium stood at Rs 121.69 crore in April 2026. Besides, Group Yearly Renewable Premium increased to Rs 2007.35 crore in April 2026 from Rs 8.58 crore in April 2025. 

Among the private insurance companies, SBI Life Insurance Company’s premium jumped 79.55% Y-o-Y to Rs 3040.96 crore, HDFC Life Insurance Company’s premium rose by 30.27% Y-o-Y to Rs 2531.42 crore, ICICI Prudential Life Insurance Company’s premium increased by 25.61% Y-o-Y to Rs 1296.40 crore, Bajaj Life Insurance’s premium gained 30.25% Y-o-Y to Rs 936.99 crore, Axis Max Life Insurance’s premium advanced by 17.58% Y-o-Y to Rs 696.20 crore, Tata Aia Life Insurance Company’s premium grew by 26.52% Y-o-Y to Rs 620.96 crore, Kotak Mahindra Life Insurance Company’s premium expanded by 54.81% Y-o-Y to Rs 571.48 crore and Aditya Birla Sun Life Insurance Company’s premium soared by 89.36% Y-o-Y to Rs 554.34 crore in April 2026.


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