Life insurers' first-year premium up 20.6% at ₹2.46 lakh cr in H1 FY26: IRDAI
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- ✓Life insurers' first-year premium rose 20.6% to ₹2.46 lakh crore in H1 FY26, IRDAI said on Friday.
- ✓Growth in individual and group single-premium policies helped the industry.
- ✓LIC continued to lead the market, while private players like SBI Life and HDFC Life also showed strong gains during this six-month period.
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- India Economy
Life insurers' first-year premium rose 20.6 per cent year-on-year at ₹2.46 lakh crore during April-September FY26, against ₹2.04 lakh crore in the corresponding period last year, driven by growth in both individual and group single-premium policies.
According to the numbers released by the Insurance Regulatory and Development Authority of India (IRDAI) on Friday, the industry collected ₹48,781 crore in the month of September, up 21.3 per cent from ₹40,207 crore a year earlier, indicating sustained growth in new business.
The Life Insurance Corporation of India (LIC) continued to dominate the market, with its first-year premium increasing 19.3 per cent to ₹1.44 lakh crore during the six-month period. Private life insurers collectively accounted for the remaining business, with several major players reporting growth.
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