News From Press Life insurers' new business premium up 13% in May; non-life firms rise 6.3%

Life insurers' new business premium up 13% in May; non-life firms rise 6.3%

Source: BS Jun 14, 2025

New business premium (NBP) of life insurers grew 12.68 per cent year-on-year (Y-o-Y) to Rs 30,463 crore in May, driven by the private sector.

State-owned Life Insurance Corporation (LIC) grew 10.3 per cent Y-o-Y in NBP to Rs 18,405.05 crore. Private-sector life insurers recorded a 16.6 per cent rise to Rs 12,058 crore, according to data from Life Insurance Council.

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