Shares of major life insurance companies came under selling pressure on June 11, with HDFC Life Insurance, ICICI Prudential Life Insurance, and SBI Life Insurance hitting fresh 52-week lows during intraday trading.
The stocks declined around 1% each as investors reacted to slower growth in life insurance new business premiums (NBP) during May 2026.
Insurance stocks have significantly underperformed the broader market in recent weeks.
| Company | 1-Month Change |
| ICICI Prudential Life | -18% |
| HDFC Life | -12% |
| SBI Life | -9% |
| BSE Sensex | -2.6% |
ICICI Prudential Life was the biggest laggard, falling 18% over the past month, while HDFC Life and SBI Life declined 12% and 9%, respectively.
The weakness in insurance stocks follows a slowdown in the growth of new business premiums across the life insurance industry.
According to industry data, life insurers reported new business premiums of ₹32,030.9 crore in May 2026, reflecting a year-on-year growth of 5.1%. This was lower than the 12.7% growth recorded in May 2025 and slower than the strong expansion seen in April 2026.
Despite the slowdown, some segments continued to perform well.
The individual non-single premium segment grew 13.5% year-on-year, supported by demand for higher-value insurance policies. Private insurers also continued to gain market share, recording stronger growth than the industry average.
Private life insurers reported premium growth of 7.7% year-on-year in May, indicating that demand for protection and savings products remains healthy.
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The moderation in industry growth was also influenced by slower growth at the country's largest insurer, LIC.
LIC's new business premium growth slowed to 3.5% year-on-year in May, which affected the overall industry's growth momentum. However, LIC still reported healthy individual premium growth of around 15% during the month.
While May showed signs of moderation, the industry's overall performance in FY27 remains strong.
| Metric | Growth |
| New Business Premium (YTD FY27) | 19.4% |
| Annual Premium Equivalent (APE) (YTD FY27) | 14.6% |
| Private Insurers' APE Growth (May 2026) | 14.5% |
Insurance stocks such as HDFC Life, ICICI Prudential Life, and SBI Life touched 52-week lows after life insurance premium growth slowed to a nine-month low in May 2026.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities 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: Jun 11, 2026, 1:56 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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