IRDAI has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending 30th June 2025.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 30th June 2025
(Premium & Sum Assured in Rs. Crore)
| Sl. No. | Insurer | First Year Premium (Growth %) | Market Share (%) | No. of Policies / Schemes (Growth %) | Market Share (%) | No. of Lives Covered under Group Schemes (Growth %) | Market Share (%) | Sum Assured (Growth %) | Market Share (%) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LIC of India | -3.43 | 63.51 | -14.80 | 63.07 | 0.05 | 11.07 | -1.16 | 10.30 |
| Public Sector Total – First Year Premium: Rs. 57,440.90 Crores | Policies: 30,43,557 | Lives Covered: 69,24,777 | Sum Assured: Rs. 2,91,902.71 Crores | |||||||||
| 1 | Acko Life Insurance | 93.88 | 0.02 | 7.05 | 0.01 | -31.33 | 0.20 | -6.28 | 0.06 |
| 2 | Aditya Birla Sun Life | -42.94 | 1.73 | -1.97 | 1.42 | -19.06 | 1.76 | -18.12 | 2.90 |
| 3 | Ageas Federal Life | 2.59 | 0.26 | -0.62 | 0.26 | -38.21 | 0.49 | 17.36 | 0.24 |
| 4 | Aviva Life | 16.00 | 0.08 | 9.78 | 0.07 | 16.28 | 0.50 | 100.48 | 1.56 |
| 5 | Bajaj Allianz Life | -21.34 | 2.48 | -14.35 | 2.76 | -30.67 | 5.10 | -11.67 | 4.63 |
| 6 | Bandhan Life | 199.24 | 0.07 | 143.19 | 0.17 | -68.63 | 0.03 | -32.27 | 0.08 |
| 7 | Bharti Axa Life | 14.89 | 0.17 | -18.18 | 0.26 | 54.72 | 0.22 | 1343.97 | 0.94 |
| 8 | Canara HSBC Life | 21.79 | 0.89 | -15.08 | 0.85 | 35.07 | 13.73 | 26.99 | 6.28 |
| 9 | CreditAccess Life | 128.88 | 0.06 | 51.79 | 0.00 | 48.98 | 0.72 | 137.21 | 0.13 |
| 10 | Edelweiss Life | 12.02 | 0.09 | 6.80 | 0.19 | -97.06 | 0.00 | -20.03 | 0.04 |
| 11 | Future Generali Life | 78.22 | 0.20 | 36.81 | 0.16 | 29.49 | 0.04 | 27.64 | 0.30 |
| 12 | Go Digit Life | 3.00 | 0.32 | 1307.62 | 0.10 | -0.88 | 2.04 | 4.07 | 7.68 |
| 13 | HDFC Life | -6.34 | 8.01 | -1.76 | 5.16 | -16.71 | 18.17 | 14.91 | 13.64 |
| 14 | ICICI Prudential Life | 4.11 | 4.29 | 2.63 | 2.82 | -55.82 | 7.49 | 36.33 | 13.10 |
| 15 | India First Life | 41.33 | 0.90 | 19.26 | 0.68 | 28.76 | 16.90 | 12.08 | 7.72 |
| 16 | Kotak Mahindra Life | -16.16 | 1.47 | 4.98 | 1.00 | -30.91 | 5.20 | 22.41 | 2.55 |
| 17 | Axis Max Life | 21.34 | 2.70 | 9.60 | 3.46 | 9.72 | 2.47 | 46.05 | 6.56 |
| 18 | PNB Met Life | 30.46 | 0.91 | -16.79 | 1.02 | -8.17 | 0.46 | -149.89 | -0.50 |
| 19 | Pramerica Life | 19.11 | 0.35 | 19.99 | 0.24 | -10.17 | 1.62 | 22.36 | 1.22 |
| 20 | Reliance Nippon Life | -7.03 | 0.26 | -16.92 | 0.65 | 4.70 | 0.04 | 11.64 | 0.15 |
| 21 | SBI Life | -12.36 | 7.77 | -4.52 | 8.42 | 6.48 | 6.31 | 104.50 | 9.63 |
| 22 | Shriram Life | 15.06 | 0.43 | -32.15 | 1.80 | -12.49 | 1.94 | -37.48 | 1.17 |
| 23 | Star Union Dai-ichi Life | 42.28 | 0.81 | -14.57 | 0.60 | 410.25 | 2.42 | 178.94 | 1.51 |
| 24 | Tata AIA Life | 30.88 | 2.23 | 39.28 | 4.84 | 65.77 | 1.08 | 13.67 | 8.12 |
| Private Total – Growth: -2.45% | Market Share: 36.49% | Policies Growth: -0.80% | Policies Share: 36.93% | Lives Growth: -8.63% | Lives Share: 88.93% | Sum Assured Growth: 21.18% | Share: 89.70% | First Year Premium: Rs. 32,285.78 Crores | Policies: 17,81,786 | Lives: 5,56,27,512 | Sum Assured: Rs. 25,42,813.99 Crores | |||||||||
| Grand Total – Growth: -3.10% | Market Share: 100% | Policies Growth: -10.11% | Lives Growth: -7.75% | Sum Assured Growth: 18.43% | First Year Premium: Rs. 89,726.67 Crores | Policies: 48,25,343 | Lives: 6,25,52,289 | Sum Assured: Rs. 28,34,716.67 Crores | |||||||||
Source category: IRDAI
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