Life Insurance Corporation of India (LIC) posted a 28.29% rise in group yearly renewable premiums and 7.9% increase in individual premiums for the first 11 months of FY25, as per the latest industry trends.
LIC's total premium collection stood at ₹1.90 lakh crore as of February 2025, up 1.90% from ₹1.86 lakh crore for the same period in FY24.
Performance Highlights:
- Individual Premiums (Feb 2025): Down 1.07% to ₹4,837.87 crore, from ₹4,890.44 crore during February 2024.
- Group Premiums (Apr 2024 – Feb 2025): Policies totaled 4,898, an increase of 13.53% from 4,314 in the last fiscal cycle.
- Individual segment: 12.02 lakh policies issued.
- Group Yearly Renewable segment: 1,430 policies and schemes issued.
- Total policies in all categories: 12.04 lakh.
- Cumulative Individual Premium Collections (Apr 2024 – Feb 2025): ₹52,382.58 crore.
- Total policies sold during the 11-month period: 1.46 crore.
- Group Yearly Renewable segment (Apr 2024 – Feb 2025): 23,693 policies and schemes.
LIC has been recognized as the third strongest insurance brand in the world, achieving a Brand Strength Index (BSI) score of 88/100, as per the Brand Finance Insurance 100 - 2025 report.
Top 3 Insurance Brands:
- PZU (Poland) – BSI score 94.4
- China Life Insurance – BSI score 93.5
- LIC (India) – BSI score 88
Financial Performance:
LIC clocked a year-on-year increase of 17% in standalone net profit at ₹11,056.47 crore during the December quarter from ₹9,444.42 crore last year. This rise was spurred by reduced management cost, mainly on account of employees.
LIC continues to consolidate its position in the insurance industry, both at home and abroad, through consistent premium growth and prudent cost control.
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