LIC's New Business Premium Reaches ₹2.27 Lakh Crore in FY25
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Synopsis
In FY25, LIC reported a remarkable new business premium of ₹2.27 lakh crore, demonstrating significant growth in individual policies while facing a slight decline in group premiums. Their strong performance and brand ranking underscore their market leadership.
Key Takeaways
- LIC achieved a new business premium of ₹2.27 lakh crore in FY25.
- Individual new business premium grew by 8.35%.
- Group premium saw a minor decrease of 0.40%.
- LIC sold 1.78 crore new policies during the fiscal year.
- Ranked 3rd among the world's strongest insurance brands.
New Delhi, April 23 (NationPress) The Life Insurance Corporation of India (LIC), recognized as the largest life insurer in the nation, has recorded a new business premium amounting to an impressive ₹2,26,669.91 crore for FY25. This figure includes a remarkable ₹62,404.58 crore from individual new business, as per the data released by the Life Insurance Council on Wednesday.
The individual new business premium for FY25 reflected an increase of 8.35% on a year-on-year basis, according to the reported figures. Conversely, the group premium for the financial year experienced a slight decline of 0.40%, dropping to ₹1,64,265.34 crore from ₹1,64,925.89 crore in the previous year.
During FY25, LIC successfully sold 1.78 crore new policies, even with the implementation of new surrender value regulations which took effect on October 1, 2024.
Focusing on segment-specific performance in March 2025, the individual premium segment showcased a strong increase of 10.75%, totaling ₹10,022 crore, compared to ₹9,048.87 crore in March 2024. However, the group premium saw a decrease of 1.34%, falling to ₹26,885.33 crore from ₹27,251.74 crore last year.
LIC also reported a 17% year-on-year increase in standalone net profit for the October-December quarter, reaching ₹11,056.47 crore, up from ₹9,444.42 crore the previous year. This growth was aided by a reduction in management expenses, particularly those related to employee costs.
Furthermore, LIC has been recognized as the third strongest insurance brand globally, achieving a Brand Strength Index (BSI) score of 88 out of 100, according to the Brand Finance Insurance 100 2025 report.
The top spot was claimed by PZU from Poland with a BSI score of 94.4, followed by China Life Insurance in second place with a BSI score of 93.5.
In terms of overall brand value, LIC ranks 12th among the most valuable insurance brands worldwide, while SBI Life holds the 76th position, making them the only two Indian insurers featured in the top 100.
According to the Brand Finance report, the top 100 insurance brands have experienced a 9% growth in brand value in 2025, driven by improved underwriting results, higher investment income, rising interest rates, and enhanced profitability. The market capitalization for leading insurance brands has increased due to the rising demand for insurance products across various sectors.
