Kolkata, Oct. 10 -- Indian life insurance industry in September, witnessed double-digit growth, with new business premiums rising by 14.8 percent year-on-year to Rs 40,206.7 crore, reversing the 5.2 pc decline seen in August 2025.
This uptick was slightly higher than the 14.0 pc growth seen in September 2024. The group was driven by strong momentum in the group business, particularly in the single premium segment, which more than offset the decline in individual premiums. A favourable base effect and the impact of GST reductions aided this.
According to Sanjay Agarwal, senior director, CareEdge Ratings, "The Indian life insurance industry's APE growth moderated to 5.2 pc in September 2025, lower than the 6.6 pc rise seen in August and wel...