The nation's largest life insurer, the Life Insurance Corporation of India (LIC), saw a good 13.79% year-on-year growth in group premium collections during May 2025, as per data released by the Life Insurance Council on Monday. For the first two months of FY 2025–26, LIC's group premium increased 13.66%, reflecting persistent institutional demand.
In May 2025, LIC garnered ₹14,374.87 crore in its group insurance business, as compared to ₹12,632.26 crore in May 2024. Its new business premium increased 10.27%, from ₹16,690.39 crore the previous year to ₹18,405.04 crore this May.
The entire industry's premium collected by the life insurance sector stood at ₹30,463.20 crore, an increase of 12.68% from the ₹27,034.14 crore received in May 2024.
However, LIC’s individual premium collections saw a marginal decline of 0.69%, bringing in ₹4,030.17 crore in May 2025 compared to ₹4,058.13 crore in the same month last year.
The policies issued by LIC also declined. In May 2025, it issued 10.68 lakh policies compared to 12.51 lakh during the same period of last year. This comprised 10.67 lakh individual policies compared to 12.48 lakh in May 2024 and 1,389 group policies compared to 2,279 during the last year.
For the April–May 2025 period, the total premium collections at LIC were ₹32,015.68 crore, higher than ₹29,074.03 crore during the same months in FY 2024–25. Within that, group premiums contributed ₹24,824.64 crore, a 13.67% rise, whereas individual premiums fell marginally to ₹7,191.04 crore from ₹7,233.61 crore.
From the policy volumes perspective, LIC sold 17.94 lakh policies in April–May 2025, down from 21.07 lakh during the same time last year. Out of these, 17.91 lakh were individual policies (compared with 21.03 lakh) and group policies fell to 2,558 from 3,704 last year.
In financials, LIC posted a 38% year-over-year growth in Q4 FY25 consolidated net profit at ₹19,039 crore. The insurer declared a final dividend of ₹12 per equity share.
While net premium income for the quarter took a marginal fall, full-year profit after tax (PAT) increased by 18% at ₹48,151 crore. The corporation also declared a bonus of ₹56,190.24 crore for policyholders.
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