LIC records 28% jump in group yearly renewable premiums during April-February
Life Insurance coverage Company of India (LIC) recorded a 28.29 per cent surge in group yearly renewable premiums and a 7.9 per cent rise in particular person premiums throughout the first 11 months of FY25, based on the most recent business knowledge.
As of February 2025, LIC’s whole premium assortment stood at Rs 1.90 lakh crore, reflecting a 1.90 per cent improve from the Rs 1.86 lakh crore collected within the corresponding interval of FY24.
In February 2025, Particular person Premiums declined by 1.07 per cent to Rs 4,837.87 crore, in comparison with Rs 4,890.44 crore in February 2024. Nevertheless, for the 11-month interval ending February 2025, insurance policies beneath Group Premiums totalled 4,898, up 13.53 per cent from 4,314 collected throughout the identical interval within the earlier fiscal yr.
The information additionally reveals that LIC issued 12.02 lakh insurance policies beneath the Particular person class throughout February this yr, whereas the Group Yearly Renewable phase recorded 1,430 insurance policies and schemes.
Throughout all classes, LIC’s whole variety of insurance policies stood at 12.04 lakh.
LIC Particular person Premium collections between April 2024 and February 2025 totalled Rs 52,382.58 crore whereas the insurers’ particular person class insurance policies reached 1.46 crore.
The insurance policies and schemes beneath the Group Yearly Renewable phase stood at 23,693 throughout this 11-month interval whereas the overall variety of LIC insurance policies bought throughout the interval totalled 1,46,72,007, based on the figures.
LIC has been ranked because the third strongest insurance coverage model globally, with a Model Power Index (BSI) rating of 88/100, based on the Model Finance Insurance coverage 100 – 2025 report. Poland-based PZU secured the highest place with a BSI rating of 94.4, adopted by China Life Insurance coverage at 93.5. By way of general model worth, LIC holds the twelfth place among the many world’s most respected insurance coverage manufacturers, whereas SBI Life, rating 76th, is the one different Indian insurer within the world high 100.
On the monetary entrance, LIC reported a 17 per cent year-on-year rise in standalone internet revenue for the December quarter, reaching Rs 11,056.47 crore, in comparison with Rs 9,444.42 crore within the earlier yr. This development was supported by a decline in administration bills, significantly employee-related prices.
