News From Press Life insurers' new business premium growth drops 11.6% in February

Life insurers' new business premium growth drops 11.6% in February

Source: BS Mar 12, 2025

Life-insurance companies in February reported an 11.6 per cent year-on-year (Y-o-Y) drop in new business premium (NBP) owing to relatively weak performance by state-owned Life Insurance Corporation (LIC), which reported a 22 per cent drop in premium.

The data from the Life Insurance Council shows the NBP of life-insurance companies was ₹29,985.5 crore in February as against ₹33,913.18 crore in the same month last year.

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