News From Press Life insurers’ new biz premiums up 5% in FY25

Life insurers’ new biz premiums up 5% in FY25

Source:Financial Express Apr 24, 2025

The new business premiums (NBP) of life insurers recorded a modest 5% year-on-year increase to Rs 3.97 lakh crore in FY25, impacted by revised surrender value guidelines and muted demand for ULIPs amid ongoing market volatility. The growth was higher than the 2% seen in FY24 but remained well below the 18% and 13% recorded in FY23 and FY22, respectively.

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