INSURANCE
Life insurers’ new business premium jumps 26% in October
Nov-12-2026

Life Insurance Council in its latest data (Provisional) has showed that life insurers posted 26.19% year-on-year (Y-o-Y) rise in new business premium (NBP) in the month of October 2026 at Rs 42914.34 crore as compared to Rs 34006.95 crore in the same month a year-ago. Out of which, the private insurers’ premium increased by 19.45% Y-o-Y to Rs 17598.82 crore in October 2026 from Rs 14732.94 crore October 2025. On the other hand, Life Insurance Corporation of India’s premium jumped by 31.35% to Rs 25315.52 crore in October 2026 from Rs 19274.01 crore in October 2025. 

Of the total premium collected by life insurance companies in the month of October 2026, individual single premium stood at Rs 4548.33 crore as against Rs 3961.99 crore in October 2025, i.e. up by 14.80%; individual non-single premium rose 4.82% to Rs 9298.24 crore in October 2026 as compared to Rs 8870.52 crore in October 2025. Group Single Premium stood at Rs 25926.86 crore in October 2026, a Y-o-Y jump of 32.97% over Rs 19498.66 crore in October 2025. Group Non-Single Premium stood at Rs 860.95 crore in October 2026, as compared to Rs 6.10 crore in October 2025. Besides, Group Yearly Renewable Premium jumped to Rs 2279.97 crore in October 2026 from Rs 10.66 crore in October 2025. 

Of the private insurers, Generali Central Life Insurance Company’s premium jumped over 3-fold at Rs 288.79 crore, Tata AIA Life Insurance Company’s premium surged 45.91% Y-o-Y to Rs 1074.67 crore, ICICI Life Insurance Company’s premium rose 37.46% Y-o-Y to Rs 2437.44 crore, Kotak Mahindra Life Insurance Company’s premium increased 27.21% Y-o-Y to Rs 823.26 crore, Bajaj Life Insurance’s premium strengthened 19.36% Y-o-Y to Rs 1355.19 crore and HDFC Life Insurance Company’s premium increased 17.84% Y-o-Y to Rs 3333.6 crore. 

Similarly, Aditya Birla Sun Life Insurance Company’s premium rose 20.05% Y-o-Y to Rs 1347.8 crore, Axis Max Life Insurance’s premium gained 16.91% Y-o-Y to Rs 1130.13 crore, and SBI Life Insurance Company’s premium was up by 11.65% Y-o-Y to Rs 3556 crore. On the other hand, Star Union Dai-Ichi Life Insurance Company’s premium declined by 53.83% Y-o-Y to Rs 201.83 crore, Canara HSBC Life Insurance Company’ premium fell by 17.08% Y-o-Y to Rs 260.39 crore and Bharti Axa Life Insurance Company’s premium was down by 16.08% Y-o-Y to Rs 58.67 crore.

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