LIC's Group Premium grows 14 percent for May 25, new business premium grows 10 pc
Kolkata, June 9 (UNI) Life Insurance Corporation of India (LIC) on Monday reported a 13.79 percent year-on-year (YoY) increase in group premium for the month of May.
For the first two months of the fiscal 2026, group premium grew 13.66 pc, as per data released by the Life Insurance Corporation.
In May 2025, LIC collected Rs 14,374.87 crore in group premium up from Rs 12,632.26 crore in May 2024. The overall new business premium grew 10.27 pc from Rs 16,690.39 crore for the month of May 2024 to Rs 18,405.04 crore for the month of May 2025.
The overall life insurance industry garnered Rs 30,463.20 crore, marking a 12.68 percent rise over Rs 27,034.14 crore collected in the same month last year.
In the Individual Premium category, the insurance behemoth posted a slight decline of 0.69 pc, collecting Rs 4,030.17 crore in May 2025 compared to Rs 4,058.13 crore in May 2024.
During the month of May 2025, total policies issued by LIC stood at 10.68 lakh from 12.51 lakh in the same period last year.
While individual policies were 10.67 lakh policies for the month of May 2025 from 12.48 lakh policies for the month of May 2024, Group Policies stood at 1,389 in the month of May 2025 from 2,279 for the month of May 2024.
Total premium collected by the company for April-May 2025, stood at Rs 32,015.68 crore from Rs 29,074.03 crore for the same months last year.
The individual premium segment amounted to Rs 7,191.04 crore, compared to Rs 7,233.61 crore in the same period last year. The group premium segment amounted to Rs 24,824.64 crore for April-May 2025, from Rs 21,840.42 crore in the previous year.
LIC issued a total policy of Rs 17.94 lakh for the month of April-May 2025 from 21.07 lakh policies in the same period last year. Policies for the Individual Category stood at 17.91 lakh in the April-May 2025, from 21.03 lakh in the April-May 2024.
Group policies stood at 2,558 in April-May 2025 from 3,704 policies in April-May 2024.
LIC reported a robust 38 pc YoY growth in Q4FY25 consolidated net profit, reaching Rs 19,039 crore, and announced a final dividend of Rs 12 per share.
While net premium income saw a slight dip, the full financial year witnessed an 18 percent increase in PAT (profit after tax) to Rs 48,151 crore.
A bonus of Rs 56,190.24 crore was declared to policyholders, demonstrating the company's continued commitment to delivering value. Value of New Business (VNB) rose by 4.47 percent year-on-year to Rs 10,011 crore, with VNB margin (net) expanding by 80 basis points to 17.6 percent.
The share of Non-Par Annualized Premium Equivalent (APE) within the individual business grew by 937 basis points year-on-year to 27.69 percent, while Non-Par APE itself surged by 50.28 percent year-on-year to Rs 10,581 crore.
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