Mumbai, July 10, 2025: The Life Insurance Council has released updated industry business numbers for June 2025, highlighting a remarkable performance by Indian life insurers. New business premiums (NBPs) underwritten by Indian life insurers achieved a year-on-year growth, risen by 4.25% compared to the same period last year. Premium collections increased from ₹89,726.7 crore to ₹93,544.54 crore, underscoring the robust momentum in the sector. Individual single premiums showed remarkable growth, rising by 21.91% year-on-year to reach ₹4,661.52 crore in June 2025, with a year-to-date growth of 11.56%. Similarly, individual non-single premiums increased by 9% in June 2025, amounting to ₹9,058.63 crore, while year-to-date collections were 4.42% higher than the corresponding period last year.
According to data released by the Life Insurance Council, combined individual premium collections demonstrated strong performance, registering a 13.07% increase in June 2025 and a 6.72% growth on a year-to-date basis. This growth is attributed to life insurers’ focused efforts on encouraging first-time buyers to purchase essential life insurance solutions, thereby strengthening the foundation for future industry expansion.
The strong new business figures for the Indian life insurance industry for June 2025 reflects the sector’s continued growth and expanding reach across the country. Driven by increasing demand for enhanced insurance protection from both individual and corporate consumers, the industry has recorded significant gains in premium collections and agent network expansion.
The life insurance industry also witnessed significant progress in expanding its distribution network. Over 242,901 individual life insurance agents were added recently, resulting in a 1.02% growth in the cumulative agent count. This expansion, coupled with rapid digitization initiatives undertaken by insurers, is expected to further enhance insurance penetration and fuel new business premium growth in the current fiscal year and beyond.
The Indian life insurance industry continues to make significant strides by broadening access to insurance and reaching previously underserved areas and customer segments. This sustained growth highlights the increasing importance of life insurance as a critical tool for securing comprehensive financial protection for individuals and families across the country.
