IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the Period ending July 31, 2025.
Summary of the details are as under
New Business Statement of Life Insurers for the Period ended 31st July 2025
(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 | 22.72 | 61.91 | -13.34 | 63.43 | 11.90 | 16.11 | -9.04 | 12.54 |
| Public Sector Total | 75871.53 Crores | 4505885 Policies | 13783495 Lives | 505800.76 Crores | |||||
| 1 | Acko Life Insurance Limited | 96.38 | 0.02 | 19.10 | 0.01 | -31.69 | 0.20 | 3.64 | 0.06 |
| 2 | Aditya Birla Sun Life Insurance Company Limited | -6.40 | 1.74 | 1.08 | 1.36 | -18.33 | 1.70 | -27.14 | 2.78 |
| 3 | Ageas Federal Life Insurance Company Limited | 24.55 | 0.31 | 6.35 | 0.28 | -36.96 | 0.51 | 26.46 | 0.25 |
| 4 | Aviva Life Insurance Company India Limited | 15.13 | 0.08 | 19.29 | 0.07 | 43.38 | 0.50 | 111.60 | 1.40 |
| 5 | Bajaj Allianz Life Insurance Company Limited | -3.70 | 2.62 | -15.86 | 2.86 | -28.67 | 5.04 | -10.67 | 4.73 |
| 6 | Bandhan Life Insurance Limited | 234.44 | 0.07 | 130.45 | 0.16 | -63.68 | 0.03 | -25.83 | 0.08 |
| 7 | Bharti Axa Life Insurance Company Limited | 21.76 | 0.17 | -20.36 | 0.24 | 11.16 | 0.17 | 893.23 | 0.69 |
| 8 | Canara HSBC Life Insurance Company Limited | 23.16 | 0.81 | -13.68 | 0.75 | 52.70 | 10.64 | 42.32 | 4.88 |
| 9 | CreditAccess Life Insurance Limited | 2401.20 | 0.24 | -18.71 | 0.00 | 402.34 | 2.48 | 1437.99 | 0.85 |
| 10 | Edelweiss Life Insurance Company Limited | 21.00 | 0.09 | 6.19 | 0.18 | -96.07 | 0.00 | -14.29 | 0.04 |
| 11 | Generali Central Life Insurance Company Limited | 81.08 | 0.19 | 41.07 | 0.16 | 62.03 | 0.05 | 43.14 | 0.34 |
| 12 | Go Digit Life Insurance Limited | 29.20 | 0.35 | 1434.87 | 0.09 | -11.51 | 2.18 | 26.82 | 8.67 |
| 13 | HDFC Life Insurance Company Limited | 13.16 | 7.96 | -0.25 | 5.08 | -16.69 | 17.60 | 18.61 | 13.32 |
| 14 | ICICI Prudential Life Insurance Company Limited | 8.31 | 4.47 | 2.05 | 2.70 | -57.66 | 7.13 | 28.93 | 11.90 |
| 15 | IndiaFirst Life Insurance Company Limited | 18.40 | 0.85 | 23.25 | 0.72 | 17.22 | 12.95 | 5.16 | 5.75 |
| 16 | Kotak Mahindra Life Insurance Company Limited | 11.73 | 1.55 | 7.69 | 1.03 | -31.02 | 5.34 | 9.80 | 2.45 |
| 17 | Axis Max Life Insurance Limited | 13.29 | 2.70 | 10.65 | 3.33 | 7.83 | 2.35 | 38.97 | 6.04 |
| 18 | PNB MetLife India Insurance Company Limited | 84.13 | 1.01 | -3.59 | 1.14 | 21.16 | 0.58 | -100.23 | 0.00 |
| 19 | Pramerica Life Insurance Limited | 15.30 | 0.33 | 25.58 | 0.24 | -12.46 | 1.56 | 16.84 | 1.16 |
| 20 | Reliance Nippon Life Insurance Company Limited | 8.34 | 0.25 | -21.41 | 0.59 | 1.75 | 0.04 | 7.87 | 0.14 |
| 21 | SBI Life Insurance Company Limited | 26.94 | 8.35 | -0.65 | 8.51 | 18.62 | 7.92 | 133.60 | 11.49 |
| 22 | Shriram Life Insurance Company Limited | 10.56 | 0.43 | -31.27 | 1.74 | -13.69 | 1.85 | -28.18 | 1.14 |
| 23 | Star Union Dai-ichi Life Insurance Company Limited | 182.27 | 1.24 | -9.73 | 0.61 | 282.83 | 2.07 | 128.26 | 1.26 |
| 24 | Tata AIA Life Insurance Company Limited | 31.34 | 2.28 | 46.83 | 4.72 | 43.02 | 0.98 | 9.61 | 8.03 |
| Private Total | 22.05 | 38.09 | 1.58 | 36.57 | -8.95 | 83.89 | 25.12 | 87.46 | |
| 45667.62 Crores | 2597771 Policies | 71766718 Lives | 3527991 Crores | ||||||
| Grand Total | 22.41 | 100.00 | -8.42 | 100.00 | -6.13 | 100.00 | 19.49 | 100.00 | |
| 121549.14 Crores | 7103656 Policies | 85550213 Lives | 4033792 Crores | ||||||
Source category: IRDAI
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