Business EconomyPosted at: Apr 23 2025 10:12PM


LIC's new business premium for FY25 stands at Rs 2.27 Trillion

LIC's new business premium for FY25 stands at Rs 2.27 Trillion

Kolkata, Apr 23 (UNI) The Life Insurance Corporation of India (LIC), the country’s largest life insurer, has garnered Rs 2,26,669.91 crore in New Business Premium for FY25, which includes a record Rs 62,404.58 crore from individual new business.

Individual New Business Premium for FY25 registered a growth of 8.35 percent Year on Year basis, according to data from the Life Insurance Council on Wednesday.

For FY25, the Group Premium fell 0.40 pc to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore last year.

For FY25, the insurance behemoth sold 1.78 crore new policies, despite the introduction of new surrender value norms effective from October, 1, 2024.

Looking at segment-specific performance in March 2025, the Individual Premium segment saw a 10.75 pc rise, totalling Rs 10,022 crore, up from Rs 9,048.87 crore in March 2024, the data said.

Conversely, the Group Premium fell by 1.34 pc to Rs 26,885.33 crore from Rs 27,251.74 crore last year.

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