Newspatrolling.com News cum Content Syndication Portal Online
- New business premium collections grow by 14.81% in the month of Sept’25 as compared to the same month last year, buoyed by robust demand for enhanced insurance protection from both individual and corporate consumers
India, 9th October 2025: Life Insurance Council has released updated industry business numbers for the month of September 2025. Amongst several key highlights, new business premiums (NBPs) underwritten by Indian life insurers has achieved a robust Y-o-Y growth of 14.81% in the month of Sept 2025, with YTD figures recording a 7.64% growth over the same period last year. New business premiums expanded from ₹35020.28 Crs in Sept 2024 to ₹40206.67 Crs in Sept 2025, with YTD collections growing even more from ₹189214.04 Crs to ₹203668.19 Crs this month.
According to data released by the Life Insurance Council, individual single premiums closed at ₹4515.78 Crs on a Y-o-Y basis for Sept’25 while YTD growth stood at 4.99%.
Individual non-single premiums came in at ₹10837.11 Crs and YTD collections settled at 2.16%.
In the Group policy segment, single premiums grew by 32.39% with monthly collections coming in at ₹22574.81 Crs and the Group policy category witnessed a 35.23% growth in premiums collected in Sept’25.
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. Towards this end, life insurers 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 FY25 and beyond.
