IRDAI has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending April 30, 2026.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 30th April 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 | 38.00 | 61.48 | 4.87 | 58.98 | 17.04 | 8.50 | -27.66 | 3.61 |
| Public Sector Total 18782.10 Crores | 760934 Policies | 1796849 Lives | 54517.99 Crores | |||||||||
| 1 | Acko Life Insurance Limited | 292.47 | 0.06 | 101.16 | 0.03 | 460.47 | 0.75 | 547.25 | 0.21 |
| 2 | Aditya Birla Sun Life Insurance Company Limited | 89.36 | 1.81 | 24.14 | 1.37 | 39.67 | 3.17 | 22.14 | 1.75 |
| 3 | Ageas Federal Life Insurance Company Limited | 12.97 | 0.17 | -8.20 | 0.16 | 34.97 | 0.53 | 21.26 | 0.11 |
| 4 | Aviva Life Insurance Company India Limited | 10.09 | 0.09 | 97.93 | 0.12 | 20.37 | 0.54 | -25.61 | 0.93 |
| 5 | Bajaj Allianz Life Insurance Company Limited | 30.25 | 3.07 | 32.70 | 3.44 | 26.49 | 6.09 | 63.58 | 4.97 |
| Private Total 40.88 | 38.52 | 25.89 | 41.02 | 51.31 | 91.50 | 89.58 | 96.3911768.28 Crores | 529277 Policies | 19348719 Lives | 1456085 Crores | |||||||||
| Grand Total 39.09 | 100.00 | 12.58 | 100.00 | 47.63 | 100.00 | 79.10 | 100.0030550.38 Crores | 1290211 Policies | 21145568 Lives | 1510603 Crores | |||||||||
A copy of the statistics is attached herewith for your ready reference.
Source category: IRDAI
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