New Delhi: The Life Insurance Corporation of India (LIC) recorded a 14.6% year-on-year growth in individual premium income in June 2025, according to data released by the Life Insurance Council. This outpaced the 12.12% growth registered collectively by private life insurers during the same month.
LIC’s individual premium collections stood at ₹5,313 crore for June 2025, while 25 private life insurers together collected ₹8,408 crore in the same category.
LIC Sees Strong Individual Premium Growth, But Drop in Group Segment
Despite the robust performance in the individual segment, LIC saw a decline in group premium income, which fell by 7% year-on-year to ₹22,087 crore. In contrast, private sector group premiums dropped by 19%, settling at ₹5,315 crore.
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Decline in Total Premium and Policy Issuance
LIC’s total premium income for June 2025 stood at ₹27,395 crore, marking a 3.43% decline compared to the same month last year. Private life insurers collectively reported a 2.45% drop in total premium income to ₹13,722 crore.
In terms of policy issuance:
- LIC issued 12.49 lakh policies in June 2025, compared to 14.65 lakh in June 2024.
- In the individual category, LIC issued 12.48 lakh policies, slightly down from 14.62 lakh a year ago.
- Group policies also fell to 1,290, compared to 2,827 issued in June 2024.
Sector Trends
The contrasting performance between individual and group segments reflects broader trends in the insurance industry:
A resilient demand for individual insurance products, possibly driven by heightened awareness and increased financial planning.
A weaker group segment, potentially impacted by delayed corporate renewals or reduced institutional participation.
About LIC
The Life Insurance Corporation of India (LIC) is a statutory corporation established under the LIC Act of 1956. It is India’s largest insurance company and the largest institutional investor. LIC’s primary goal is to provide life insurance and financial security to individuals, with a focus on spreading insurance widely, especially in rural areas.
