IRDAI has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending 30th April 2025.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 30th April 2025
(Premium & Sum Assured in Rs. Crore)
| 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 (%) |
|---|---|---|---|---|---|---|---|---|
| LIC of India | 9.91 | 61.97 | -15.26 | 63.31 | -30.65 | 10.72 | -34.50 | 8.94 |
| Public Sector Total | 12383.63 Crores | 725571 Policies | 1535262 Lives | 75365.46 Crores | |||||||
| Acko Life Insurance | -33.07 | 0.02 | 71.29 | 0.02 | -64.31 | 0.20 | -27.26 | 0.06 |
| Aditya Birla Sun Life | -26.93 | 1.33 | 0.59 | 1.24 | 65.29 | 3.35 | -4.74 | 2.56 |
| Ageas Federal Life | -32.61 | 0.21 | -20.23 | 0.19 | -47.53 | 0.59 | -18.39 | 0.17 |
| Aviva Life | 19.02 | 0.12 | -8.30 | 0.07 | -9.64 | 0.66 | 100.46 | 2.24 |
| Bajaj Allianz Life | 4.39 | 3.28 | -11.69 | 2.92 | -25.06 | 7.11 | 2.62 | 5.44 |
| Bandhan Life | -3.91 | 0.06 | 131.53 | 0.18 | -72.73 | 0.04 | -35.11 | 0.08 |
| Bharti Axa Life | 50.49 | 0.19 | -12.22 | 0.26 | 165.99 | 0.25 | 4433.59 | 2.00 |
| Canara HSBC Life | 11.85 | 0.58 | -8.74 | 1.48 | 57.95 | 1.29 | 20.29 | 0.79 |
| Credit Access Life | 91.27 | 0.05 | 412.50 | 0.00 | 40.70 | 0.72 | 239.39 | 0.15 |
| Edelweiss Life | -24.59 | 0.06 | -29.06 | 0.11 | -87.51 | 0.00 | -42.63 | 0.02 |
| Future Generali Life | 302.95 | 0.37 | 28.63 | 0.12 | -13.65 | 0.03 | -40.97 | 0.21 |
| Go Digit Life | 54.11 | 0.49 | 778.63 | 0.09 | 45.22 | 3.17 | 164.34 | 16.30 |
| HDFC Life | 23.37 | 8.85 | -11.32 | 5.44 | -3.55 | 29.26 | 58.03 | 16.64 |
| ICICI Prudential Life | 9.80 | 4.70 | 8.42 | 3.12 | -41.99 | 11.03 | 75.89 | 20.48 |
| India FirstLife | -28.25 | 0.49 | 3.92 | 0.61 | -57.40 | 3.25 | -77.95 | 1.20 |
| Kotak Mahindra Life | -6.64 | 1.68 | -44.88 | 0.61 | -34.50 | 6.66 | -11.60 | 1.84 |
| Axis Max Life | 17.11 | 2.70 | 8.52 | 3.27 | 17.69 | 3.69 | 19.70 | 6.01 |
| PNB Met Life | -32.64 | 1.00 | -27.62 | 0.96 | 3.58 | 0.76 | -648.17 | -4.33 |
| Pramerica Life | 40.71 | 0.54 | 13.53 | 0.22 | 38.07 | 3.11 | 36.36 | 1.62 |
| Reliance Nippon Life | -6.31 | 0.39 | 0.94 | 0.93 | 113.67 | 0.03 | 34.46 | 0.18 |
| SBI Life | 0.31 | 7.71 | -13.44 | 8.70 | -22.73 | 8.29 | 98.37 | 9.53 |
| Shriram Life | 10.09 | 0.45 | -46.49 | 1.55 | 28.46 | 3.42 | 42.31 | 1.64 |
| Star Union Dai-ichi Life | 26.62 | 0.53 | -16.15 | 0.54 | -22.18 | 0.67 | 3.75 | 0.77 |
| Tata AIA Life | 2.21 | 2.23 | 10.33 | 4.08 | 127.33 | 1.69 | -18.68 | 5.45 |
| Private Sector Total | 6.07 | 38.03 | -9.51 | 36.69 | -15.79 | 89.28 | 35.75 | 91.06 |
| 7875.22 Crores | 420421 Policies | 12787797 Lives | 768055.11 Crores | ||||||||
| Grand Total | 8.42 | 100.00 | -13.24 | 100.00 | -17.68 | 100.00 | 23.88 | 100.00 |
| 17399.648 Crores | 14323059 Policies | 14323059 Lives | 843421 Crores | ||||||||
Source category: IRDAI
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