IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the period ending March 31, 2026.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 31st March 2026
(Premium & Sum Assured in Rs. Crore)
| Sl No. | Insurer | First Year Premium | No. of Policies / Schemes | No. of lives covered under Group Schemes | Sum Assured | ||||
|---|---|---|---|---|---|---|---|---|---|
| Growth in % | Market Share | Growth in % | Market Share | Growth in % | Market Share | Growth in % | Market Share | ||
| 1 | Life Insurance Corporation of India | 17.35 | 56.66 | 3.63 | 65.16 | 23.72 | 22.05 | 26.51 | 18.72 |
| Public Sector Total | 260464.06 Crores | 18461961 Policies | 57112431 Lives | 2375577.99 Crores | |||||
| 1 | Acko Life Insurance Limited | 171.62 | 0.04 | 20.83 | 0.01 | 112.91 | 0.56 | 170.75 | 0.15 |
| 2 | Aditya Birla Sun Life Insurance Company Limited | 105.89 | 2.74 | 3.94 | 1.29 | 28.52 | 2.43 | -10.62 | 3.14 |
| 3 | Ageas Federal Life Insurance Company Limited | 69.63 | 0.34 | 7.81 | 0.24 | -10.55 | 0.66 | 160.16 | 0.56 |
| 4 | Aviva Life Insurance Company India Limited | 22.92 | 0.08 | 25.12 | 0.07 | 53.05 | 0.46 | 27.82 | 1.03 |
| 5 | Bajaj Allianz Life Insurance Company Limited | 25.27 | 3.17 | -1.36 | 2.71 | -6.88 | 5.92 | 5.02 | 5.37 |
| 6 | Bandhan Life Insurance Limited | 90.26 | 0.11 | 36.88 | 0.17 | 154.03 | 0.18 | 35.21 | 0.17 |
| 7 | Bharti Axa Life Insurance Company Limited | 59.11 | 0.23 | -3.25 | 0.24 | 17.65 | 0.16 | 509.61 | 0.58 |
| 8 | Canara HSBC Life Insurance Company Limited | 2.60 | 0.84 | 7.26 | 0.73 | 47.23 | 4.56 | 51.44 | 2.53 |
| 9 | CreditAccess Life Insurance Limited | 66.98 | 0.14 | -40.05 | 0.00 | 152.48 | 1.72 | 225.39 | 0.45 |
| 10 | Edelweiss Life Insurance Company Limited | 7.91 | 0.14 | 35.70 | 0.24 | -8.60 | 0.02 | 37.33 | 0.09 |
| Private Total | 32.73 | 43.34 | 6.75 | 34.84 | -4.40 | 77.95 | 23.00 | 81.28 | |
| 199249.35 Crores | 9872302 Policies | 201914455 Lives | 10315286 Crores | ||||||
| Grand Total | 23.49 | 100.00 | 4.70 | 100.00 | 0.64 | 100.00 | 23.64 | 100.00 | |
| 459713.41 Crores | 28334263 Policies | 259026886 Lives | 12690864 Crores | ||||||
A copy of the statistics is attached herewith for your ready reference.
Source category: IRDAI
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