Life insurers’ October new-business premium jumps 26.2%
In short
Life insurers collected ₹42,914 crore in new business premium in October, up 26.2% from a year earlier. LIC’s premium rose 31.35%, while private insurers grew 19.45%.
Group insurance and higher premiums from big insurers helped lift the total.
What the reporting says
Life insurers reported a 26.2% rise in new-business premium to ₹42,914 crore in October, while the number of policies issued fell, according to the publisher summaries. LIC’s new business premium increased 31.35% and private insurers grew 19.45%, with strong group insurance collections and higher premiums from major insurers supporting the industry total. The brief signals stronger premium mobilisation despite fewer policies sold.
Why it matters
Life insurers posted a 26.2% year-on-year jump in October new-business premium to ₹42,914 crore, with LIC up 31.35% and private insurers up 19.45%. The reported support came from strong group insurance collections and higher premiums from major insurers, even as policy counts declined. The data points to stronger premium mobilisation across the life insurance industry.