INSURANCE
New business premium of life insurers sees 13% growth in June
Jul-09-2026

Life Insurance Council in its latest data (Provisional) has showed that life insurers posted 13.07% year-on-year (Y-o-Y) rise in new business premium (NBP) in the month of June 2026 at Rs 46490.53 crore as compared to Rs 41117.30 crore in the same month a year-ago. Out of which, the private insurers’ premium increased by 36.75% Y-o-Y to Rs 18765.90 crore in June 2026 from Rs 13722.29 crore June 2025. On the other hand, Life Insurance Corporation of India’s premium increased by 1.20% to Rs 27724.62 crore in June 2026 from Rs 27395.00 crore in June 2025. 

Of the total premium collected by life insurance companies in the month of June 2026, individual single premium stood at Rs 4944.51 crore as against Rs 4661.52 crore in June 2025, i.e. up by 6.07%; individual non-single premium surged 16.31% to Rs 10536.45 crore in June 2026 as compared to Rs 9058.78 crore in June 2025. Group Single Premium stood at Rs 27570.27 crore in June 2026, a Y-o-Y growth of 5.88%; and Group Non-Single Premium stood at Rs 117.13 crore in June 2026. Besides, Group Yearly Renewable Premium increased to Rs 3322.17 crore in May 2026 from Rs 13.16 crore in June 2025. 

Among the private insurance companies, Bajaj Life Insurance’s premium jumped 76.63% Y-o-Y to Rs 1503.87 crore, Aditya Birla Sun Life Insurance Company’s premium surged by 66.08% Y-o-Y to Rs 1242.97 crore, Kotak Mahindra Life Insurance Company’s premium expanded by 58.25% Y-o-Y to Rs 865.71 crore, HDFC Life Insurance Company’s premium rose by 31.73% Y-o-Y to Rs 3324.01 crore, ICICI Prudential Life Insurance Company’s premium increased by 25.07% Y-o-Y to Rs 1967.25 crore, Tata Aia Life Insurance Company’s premium grew by 24.51% Y-o-Y to Rs 1157.35 crore, SBI Life Insurance Company’s premium gained by 21.97% Y-o-Y to Rs 3196.11 crore, and Axis Max Life Insurance’s premium was up by by 21.09% Y-o-Y to Rs 1313.47 crore.

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