INSURANCE
Life insurers’ new business premium rises 21% in September
Oct-15-2026

Life Insurance Council in its latest data (Provisional) has showed that life insurers posted 21.32% year-on-year (Y-o-Y) rise in new business premium (NBP) in the month of September 2026 at Rs 48780.55 crore as compared to Rs 40206.67 crore in the same month a year-ago. Out of which, the private insurers’ premium increased by 23.20% Y-o-Y to Rs 21251.84 crore in September 2026 from Rs 17249.58 crore September 2025. On the other hand, Life Insurance Corporation of India’s premium jumped by 19.91% to Rs 27528.71 crore in September 2026 from Rs 22957.09 crore in September 2025. 

Of the total premium collected by life insurance companies in the month of September 2026, individual single premium stood at Rs 5628.94 crore as against Rs 4515.78 crore in September 2025, i.e. up by 24.65%; individual non-single premium rose 8.47% to Rs 11754.93 crore in September 2026 as compared to Rs 10837.11 crore in September 2025. Group Single Premium stood at Rs 27843.40 crore in September 2026, a Y-o-Y jump of 23.34% over Rs 22574.81 crore in September 2025. Group Non-Single Premium stood at Rs 145.57 crore in September 2026, as compared to Rs 6.24 crore in September 2025.  Besides, Group Yearly Renewable Premium jumped to Rs 3407.71 crore in September 2026 from Rs 16.55 crore in September 2025. 

Generali Central Life Insurance Company’s premium jumped 264.04% Y-o-Y to Rs 334.66 crore, ICICI Life Insurance Company’s premium surged 53.34% Y-o-Y to Rs 2700.79 crore, Kotak Mahindra Life Insurance Company’s premium rose 45.02% Y-o-Y to Rs 1172.31 crore, HDFC Life Insurance Company’s premium increased 35.97% Y-o-Y to Rs 4000.7 crore and Bajaj Life Insurance’s premium strengthened 33.19% Y-o-Y to Rs 1830.86 crore.

Similarly, Axis Max Life Insurance’s premium gained 7.36% Y-o-Y to Rs 1361.18 crore, Aditya Birla Sun Life Insurance Company’s premium added 2.98% Y-o-Y to Rs 1464.08 crore and SBI Life Insurance Company’s premium was up by 2.07% Y-o-Y to Rs 4035.17 crore. On the other hand, Indusind Nippon Life Insurance Company’s premium declined by 31.23% Y-o-Y to Rs 137.69 crore and Bharti Axa Life Insurance Company’s premium was down by 7.68% Y-o-Y to Rs 106.92 crore.

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