LIC Sees 9.91% YoY Growth In New Business Premiums For April 2025- Details Here|Economy News

New Delhi: Life Insurance Corporation of India (LIC) on Tuesday reported a 9.91 percent rise year-on-year in brand-new company costs for April– exceeding the sector development price of 8.43 percent and personal life insurance companies’ development of 6.09 percent. As per information launched by the Life Insurance Council, LIC gathered Rs 13,610.63 crore in brand-new company costs last month, up from Rs 12,383.64 crore in the very same month in 2014.

The general life insurance policy sector gathered Rs 21,965.73 crore, noting an 8.43 percent increase over Rs 20,258.86 crore gathered in the very same month in 2014. Private life insurance companies added Rs 8,355.10 crore, signing up a 6.09 percent development over the previous year’s Rs 7,875.22 crore.

As per the information, in the Individual Premium group, LIC uploaded a minor decrease of 0.46 percent, accumulating Rs 3,160.87 crore in April 2025 contrasted to Rs 3,175.47 crore in April 2024. However, the Group Premium sector videotaped a durable 13.48 percent development, increasing to Rs 10,449.76 crore from Rs 9,208.17 crore a year previously.

Total plans released by LIC stood at 7.26 lakh, from 8.56 lakh in the very same duration in 2014. While private plans was 7.24 lakh cops for April, from 8.55 lakh plans in 2024, Group Policies stood at 1,169, from 1,425 for the month of April 2024. As per the information, complete costs gathered by LIC for the four-month duration January-April 2025, stood at Rs 82,324.58 crore from Rs 87,500.97 crore for the very same month in 2014. .
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In theIndividual Premium sector, it totaled up to Rs 23,188.46 crore, contrasted to Rs 22,164.24 crore in the very same duration in 2014.
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The Group Premium sector totaled up to Rs 59,136.12 crore for the January-April duration, from Rs 65,336.73 crore in the previous year, according to the information. LIC released an overall plan of 68.05 lakh for the four-month duration January-April 2025 from 87.05 lakh plans in the very same duration in 2014.