IRDAI has uploaded the industry statistics on the First Year Premium of Life Insurers for the period ending 31st May 2025.
Summary of the details are as under:
New Business Statement of Life Insurers for the Period ended 31st May 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 (%) | Lives Covered under Group Schemes Growth (%) | Lives Covered under Group Schemes Market Share (%) | Sum Assured Growth (%) | Sum Assured Market Share (%) |
|---|---|---|---|---|---|---|---|---|
| LIC of India | 10.27 | 61.07 | -14.86 | 63.64 | -14.23 | 15.13 | -10.38 | 11.34 |
| Public Sector Total | 29074.02 Crores | 1794158 Policies | 4426824 Lives | 188316.92 Crores | |||||||
| Acko Life Insurance | 25.16 | 0.02 | 35.85 | 0.01 | -47.68 | 0.25 | -15.87 | 0.06 |
| Aditya Birla Sun Life | -2.99 | 1.65 | 12.06 | 1.39 | -11.35 | 2.77 | -9.92 | 3.03 |
| Ageas Federal Life | -12.04 | 0.23 | -10.54 | 0.23 | -42.16 | 0.65 | 5.91 | 0.22 |
| Aviva Life | -24.68 | 0.09 | 2.86 | 0.07 | -23.23 | 0.55 | 69.52 | 1.84 |
| Bajaj Allianz Life | -3.01 | 2.79 | -10.01 | 2.81 | -25.56 | 7.46 | -2.35 | 5.40 |
| Bandhan Life | 118.85 | 0.07 | 146.45 | 0.18 | -70.26 | 0.04 | -27.07 | 0.09 |
| Bharti Axa Life | 28.25 | 0.18 | -25.54 | 0.22 | 152.57 | 0.43 | 2365.13 | 1.54 |
| Canara HSBC Life | 3.39 | 0.54 | -23.27 | 0.95 | 160.15 | 1.18 | 34.79 | 0.77 |
| Credit Access Life | 216.72 | 0.06 | 132.14 | 0.00 | 73.63 | 1.01 | 181.70 | 0.15 |
| Edelweiss Life | -18.69 | 0.07 | -23.33 | 0.14 | -96.07 | 0.00 | -28.90 | 0.03 |
| Future Generali Life | 21.67 | 0.21 | 32.32 | 0.14 | 42.76 | 0.06 | 7.17 | 0.31 |
| Go Digit Life | 8.71 | 0.39 | 1101.81 | 0.09 | 6.65 | 3.04 | 18.13 | 10.95 |
| HDFC Life | 33.11 | 9.47 | -7.00 | 5.14 | -11.26 | 27.41 | 18.81 | 16.22 |
| ICICI Prudential Life | 6.79 | 4.65 | 1.68 | 3.06 | -49.86 | 11.03 | 44.67 | 16.30 |
| India First Life | 24.62 | 0.49 | 12.90 | 0.67 | -45.65 | 2.73 | -69.14 | 1.08 |
| Kotak Mahindra Life | -4.72 | 1.57 | 4.99 | 0.96 | -35.15 | 6.96 | 34.21 | 2.99 |
| Axis Max Life | 25.51 | 2.74 | -1.27 | 3.23 | 24.67 | 3.62 | 35.71 | 6.66 |
| PNB Met Life | 27.40 | 0.94 | -30.96 | 0.89 | 4.83 | 0.76 | -256.90 | -1.63 |
| Pramerica Life | 18.47 | 0.42 | 22.93 | 0.23 | -4.40 | 2.42 | 28.92 | 1.41 |
| Reliance Nippon Life | -3.69 | 0.29 | -6.94 | 0.72 | -11.81 | 0.06 | 13.68 | 0.17 |
| SBI Life | 25.33 | 8.86 | -11.11 | 8.48 | 0.40 | 7.10 | 115.68 | 10.40 |
| Shriram Life | -18.15 | 0.46 | -38.57 | 1.64 | -6.12 | 3.11 | -42.89 | 1.53 |
| Star Union Dai-ichi Life | 12.08 | 0.54 | -19.57 | 0.56 | -17.71 | 0.57 | 26.19 | 0.81 |
| Tata AIA Life | 7.54 | 2.20 | 37.84 | 4.52 | 123.57 | 1.66 | 13.05 | 8.32 |
| Private Sector Total | 16.57 | 38.93 | -5.24 | 36.36 | -20.26 | 84.87 | 19.80 | 88.66 |
| 18218.97 Crores | 1024931 Policies | 24829066 Lives | 704019.34 Crores | ||||||||
| Grand Total | 12.68 | 100.00 | -11.60 | 100.00 | -19.40 | 100.00 | 15.39 | 100.00 |
| 27034.14 Crores | 2819089 Policies | 29255890 Lives | 1660369.16 Crores | ||||||||
Source category: IRDAI
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