Mumbai | Life Insurance Corporation of India (LIC) reported a New Business Premium (NBP) of Rs 2.27 trillion for FY25, including a record-high Rs 62,405 crore from individual policies, marking an 8.35% year-on-year growth.

LIC remains the market leader with a 57.05% share of India’s life insurance market. Despite new surrender value norms introduced in October 2024, LIC sold 1.78 crore new policies during the year.

While Group Premium fell 0.40% to Rs 1.64 trillion, individual premium in March 2025 rose 10.75% to Rs 10,022 crore.

LIC’s performance highlights its resilience and continued dominance in the Indian insurance sector.