News From Press LIC push lifts life insurers' new business premiums in April, shows data

LIC push lifts life insurers' new business premiums in April, shows data

Source: Business Standard May 14, 2025

After a muted performance in 2024–25 (FY25), life insurance companies reported an 8.43 per cent year-on-year (Y-o-Y) growth in new business premiums (NBP) in April, largely supported by state-owned Life Insurance Corporation of India’s (LIC’s) premium growth during the period.

According to Life Insurance Council data, the life insurance industry’s NBP in April stood at ₹21,965.73 crore.

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