Mumbai, July 15 -- However, total income declined marginally 0.54% YoY to Rs 25,320.15 crore in the quarter ended 30 June 2025.

The net premium income for Q1 FY26 rose by 7.98% year-on-year to Rs 8,503.19 crore. The first-year gross premium income fell by 11.24% YoY to Rs 1,445.42 crore. Meanwhile, renewal premium income jumped 9.45% YoY to Rs 4,941.65 crore, and single premium income saw a rise of 19.94% to Rs 2,566.97 crore.

Net commission stood at Rs 984.92 crore during the quarter, registering a growth of 4.16% YoY.

The value of new business (VNB), which represents the present value of future profits, stood at Rs 457 crore with a VNB margin of 24.5% for Q1 FY26.

The total Annualised Premium Equivalent (APE) stood at Rs 1,864 crore...