Life insurance stocks remained in focus on Monday, May 11, with major insurers trading flat to slightly higher after reporting strong business growth for April FY27. Shares of SBI Life Insurance rose 0.8%, while ICICI Prudential Life Insurance gained 1.4%. HDFC Life Insurance advanced 0.6%, and Life Insurance Corporation of India added 0.5%. Canara HSBC Life Insurance emerged among the top gainers, rising 1.6%.
The sector posted a robust start to the financial year, driven by healthy growth in new business premiums (NBP), annualised premium equivalent (APE), and retail APE across insurers. Analysts noted that base effects played a key role in the varying growth trends reported by companies.
Among private insurers, SBI Life Insurance delivered the strongest performance, with NBP surging 80% year-on-year. The insurer’s APE rose 10%, while retail APE jumped 120%, reflecting strong traction in the retail segment aided by favourable base comparisons.
ICICI Prudential Life Insurance also reported solid growth, with NBP increasing 26% and APE rising 38%. Retail APE grew 25%, supported by a lower base from the previous year.
Meanwhile, HDFC Life Insurance posted stable numbers, with NBP up 30%, APE rising 24%, and retail APE increasing 25%.
Life Insurance Corporation of India continued its gradual recovery trend, reporting a 38% rise in NBP, while APE and retail APE increased 31% and 19%, respectively.
Canara HSBC Life Insurance registered 23% growth in NBP, while both APE and retail APE rose 10%.
Axis Max Life Insurance recorded comparatively moderate growth due to a higher base, with NBP rising 18%, APE up 15%, and retail APE increasing 21%.
Life insurance stocks are likely to remain on investors’ radar after reporting healthy April FY27 business growth. Strong premium collections and improving retail demand have supported sentiment, although analysts believe the sector may continue to trade within a consolidation range in the near term.
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.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: May 11, 2026, 12:49 PM IST
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