Life insurance companies in India reported cumulative new business premiums worth ₹3,10,945 crore between April and December 2025, as per Cafemutual report. This marks a 13.04% increase over the same period in the previous year, when new business premiums amounted to ₹2,75,087 crore.
The Life Insurance Corporation of India (LIC) remained the market leader, contributing ₹1,77,446 crore to the total new business premium. This represents a growth of 12.34% from ₹1,57,956 crore in April–December 2024. LIC held a market share of 57.07% in this period.
SBI Life Insurance followed with premiums of ₹31,325 crore, rising 19.31% from ₹26,256 crore. HDFC Life posted ₹24,980 crore, an increase of 10.23% over the corresponding previous year's ₹22,661 crore. ICICI Prudential Life Insurance saw a marginal decline of 0.32% with ₹15,090 crore, compared to ₹15,139 crore last year.
Bajaj Life Insurance reported premiums of ₹9,830 crore, marking 15.59% growth over ₹8,504 crore. Axis Max Life Insurance achieved ₹9,642 crore, up 19.20%, while Tata AIA Life Insurance posted ₹7,888 crore, up 13.74%.
Aditya Birla Sun Life Insurance reported ₹7,746 crore, reflecting a 9.90% increase. Kotak Mahindra Life Insurance grew by 8.26% to reach ₹5,853 crore. Star Union Dai-ichi Life Insurance posted the highest growth among the top 10 with 30.31%, reporting ₹3,731 crore.
Other life insurers such as Canara HSBC Life and IndiaFirst Life recorded 28.12% and 17.40% growth respectively. Newer players like CreditAccess Life Insurance showed a remarkable rise of 380.94% year-on-year, reaching ₹473 crore.
Read More: Life Insurance Policies Surge to 18.4 Million in April-December FY26!
Private life insurers collectively contributed the remaining 42.93% of new business premiums, led by SBI Life and HDFC Life.
Most players reported positive growth; a few, like Shriram Life Insurance, recorded a decline of 2.23%. Generali Central Life and Bandhan Life also showed over 100% growth, albeit from a smaller base.
Life insurers in India reported significant growth in new business premium between April and December 2025. LIC maintained its leadership, while several private sector players demonstrated strong double-digit growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 19, 2026, 11:58 AM IST
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