Kolkata, May 13 -- Life Insurance Corporation of India (LIC), the country's largest life insurer, reported a 9.91 percent year-on-year (YoY) increase in new business premium for April 2025-surpassing the industry growth rate of 8.43 pc and private life insurers' growth of 6.09 pc, as per data released by the Life Insurance Council.
In April 2025, LIC collected Rs 13,610.63 crore in new business premiums, up from Rs 12,383.64 crore in April 2024. The overall life insurance industry garnered Rs 21,965.73 crore, marking an 8.43 pc rise over Rs 20,258.86 crore collected in the same month last year. Private life insurers contributed Rs 8,355.10 crore, registering a 6.09 pc growth over the previous year's Rs7,875.22 crore.
In the Individual Pr...