India life insurers post 15.7% new business rise, total ₹4.6L/cr
NewsBytes | April 22, 2026 11:39 AM CST
LIC leads with group insurance ₹1.9L/cr
Private insurers grabbed more market share: SBI Life nudged up by 0.3%, while HDFC Life and LIC slipped a bit.
Still, LIC remains the biggest player thanks to its strong group insurance business (₹1.9 lakh crore in premiums).
SBI Life and Axis Max Life both saw strong growth in individual business, and some companies like PNB MetLife offset a decline in individual business with gains in group insurance, showing how insurers are adapting fast to keep up their momentum.
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