New business premium collections by Indian life insurers grew by 14.81% in September 2025 as compared to the same month in 2024. The increase was largely due to robust demand for enhanced insurance protection from both individual and corporate consumers.
According to data released by Life Insurance Council of India the Indian life insurers have achieved a strong year-on-year growth of 14.81% in the month of September 2025, with year-to-date figures recording a 7.64% growth over the same period last year.
New business premiums expanded from INR350.21bn ($3957.29m) in September 2024 to INR402.07bn in September 2025, with year-to-date collections growing even more from INR1892.14bn to INR2036.68bn this month.
Individual single premiums closed at INR45.16bn on a year-on-year basis for September 2025 while year-to-date growth stood at 4.99%.
Individual non-single premiums came in at INR1.09bn and year-to-date collections settled at 2.16%. In the Group policy segment, single premiums grew by 32.39% with monthly collections coming in at INR225.75bn and the Group policy category witnessed a 35.23% growth in premiums collected in September 2025.
The life insurance industry in India has been making significant strides forward by expanding access to insurance and making an effort to reach out to areas and segments of the country's population that were previously underserved when it comes to their insurance needs.
Life insurance industry has added more than 5,39,804 individual life insurance agents, with an overall 3.71% growth in cumulative agent count. Still, the sustained pace of agent addition is being complimented by the high speed of digitisation by life insurers, paving the way for additional gains in insurance penetration that should provide a significant boost to new business premiums in financial year 2025-26 and beyond.