LIC Posts Record Rs 62,405 Cr in Individual Premium for FY25
Metro Vaartha | April 24, 2025 3:39 AM CST
Mumbai | Life Insurance Corporation of India (LIC) reported a New Business Premium (NBP) of Rs 2.27 trillion for FY25, including a record-high Rs 62,405 crore from individual policies, marking an 8.35% year-on-year growth.
LIC remains the market leader with a 57.05% share of India’s life insurance market. Despite new surrender value norms introduced in October 2024, LIC sold 1.78 crore new policies during the year.
While Group Premium fell 0.40% to Rs 1.64 trillion, individual premium in March 2025 rose 10.75% to Rs 10,022 crore.
LIC’s performance highlights its resilience and continued dominance in the Indian insurance sector.
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