IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the period ending February 28, 2026.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 28th February 2026
(Premium & Sum Assured in Rs. Crore)
| Sl No. | Insurer | First Year Premium Growth (%) | First Year Premium Market Share | No. of Policies / Schemes Growth (%) | No. of Policies / Schemes Market Share | No. of lives covered under Group Schemes Growth (%) | No. of lives covered under Group Schemes Market Share | Sum Assured Growth (%) | Sum Assured Market Share |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Life Insurance Corporation of India | 24.19 | 56.57 | 2.93 | 63.83 | 24.08 | 21.99 | 21.68 | 17.60 |
| Public Sector Total: 217153.83 Crores | 15102041 Policies | 50825397 Lives | 1966711.80 Crores Sum Assured | |||||||||
| 1 | Acko Life Insurance Limited | 289.85 | 0.04 | 11.26 | 0.01 | 107.25 | 0.53 | 151.15 | 0.14 |
| 2 | Aditya Birla Sun Life Insurance Company Limited | -31.81 | 2.46 | 3.75 | 1.33 | 23.91 | 2.32 | -12.55 | 3.11 |
| 3 | Ageas Federal Life Insurance Company Limited | 5.34 | 0.34 | 5.66 | 0.25 | -17.17 | 0.65 | 156.04 | 0.55 |
| 4 | Aviva Life Insurance Company India Limited | 14.02 | 0.08 | 25.27 | 0.07 | 43.06 | 0.43 | 33.51 | 1.07 |
| 5 | Bajaj Allianz Life Insurance Company Limited | 18.60 | 3.21 | -2.80 | 2.81 | -8.49 | 5.91 | 2.65 | 5.36 |
| 6 | Bandhan Life Insurance Limited | 72.89 | 0.10 | 37.08 | 0.17 | 84.47 | 0.13 | 18.86 | 0.15 |
| 7 | Bharti Axa Life Insurance Company Limited | 55.91 | 0.22 | -9.99 | 0.24 | 18.89 | 0.15 | 522.27 | 0.57 |
| 8 | Canara HSBC Life Insurance Company Limited | 52.05 | 0.90 | 9.58 | 0.78 | 55.18 | 4.97 | 58.11 | 2.73 |
| 9 | CreditAccess Life Insurance Limited | 269.48 | 0.15 | -36.99 | 0.00 | 175.41 | 1.71 | 261.78 | 0.48 |
| 10 | Edelweiss Life Insurance Company Limited | -15.68 | 0.13 | 28.55 | 0.21 | -47.58 | 0.01 | 14.20 | 0.07 |
| 11 | Generali Central Life Insurance Company Limited | -64.97 | 0.29 | 130.32 | 0.30 | 88.05 | 0.07 | 49.19 | 0.52 |
| 12 | Go Digit Life Insurance Limited | 51.68 | 0.33 | 485.31 | 0.13 | -7.06 | 2.20 | 31.39 | 5.68 |
| 13 | HDFC Life Insurance Company Limited | -2.61 | 8.09 | 3.37 | 4.75 | -7.07 | 17.43 | 23.99 | 13.56 |
| 14 | ICICI Prudential Life Insurance Company Limited | 15.68 | 5.01 | 4.48 | 2.55 | -31.55 | 10.75 | 19.01 | 11.55 |
| 15 | IndiaFirst Life Insurance Company Limited | -7.79 | 0.78 | -8.15 | 0.69 | 14.79 | 6.41 | 3.88 | 3.04 |
| 16 | Kotak Mahindra Life Insurance Company Limited | 35.78 | 2.02 | 25.13 | 1.31 | -5.27 | 6.32 | 27.99 | 2.85 |
| 17 | Axis Max Life Insurance Limited | 29.78 | 3.18 | 19.82 | 3.44 | 24.24 | 2.58 | 39.58 | 6.10 |
| 18 | PNB MetLife India Insurance Company Limited | -1.15 | 1.24 | -8.76 | 1.03 | 57.24 | 0.65 | -11.22 | 0.92 |
| 19 | Pramerica Life Insurance Limited | 22.42 | 0.34 | 28.83 | 0.22 | -16.55 | 1.35 | 11.44 | 1.02 |
| 20 | Reliance Nippon Life Insurance Company Limited | 38.58 | 0.32 | -11.50 | 0.53 | -14.01 | 0.12 | -4.07 | 0.22 |
| 21 | SBI Life Insurance Company Limited | 28.61 | 9.81 | 3.24 | 8.44 | -8.08 | 8.30 | 59.86 | 11.38 |
| 22 | Shriram Life Insurance Company Limited | 19.40 | 0.50 | -7.38 | 1.81 | -46.59 | 2.02 | -15.83 | 1.26 |
| 23 | Star Union Dai-ichi Life Insurance Company Limited | 29.85 | 1.25 | 12.65 | 0.76 | 5.35 | 1.78 | 11.62 | 1.18 |
| 24 | Tata AIA Life Insurance Company Limited | 38.06 | 2.64 | 23.95 | 4.34 | 16.94 | 1.20 | 7.04 | 8.88 |
| Private Total: Growth 11.60 | Market Share 43.43 | Policies Growth 7.01 | Market Share 36.17 | Lives Growth -5.59 | Market Share 78.01 | Sum Assured Growth 23.03 | Market Share 82.40 | 166687.33 Crores | 8557527 Policies | 180276686 Lives | 9208784 Crores | |||||||||
| Grand Total: Growth 18.11 | Market Share 100.00 | Policies Growth 4.37 | Market Share 100.00 | Lives Growth -0.35 | Market Share 100.00 | Sum Assured Growth 22.79 | Market Share 100.00 | 383841.15 Crores | 23659568 Policies | 231102083 Lives | 11175495 Crores | |||||||||
A copy of the statistics is attached herewith for your ready reference.
Source category: IRDAI
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