LIC Registers 14.6% Growth in Individual Premium for June 2025 Despite Overall Premium Decline

New Delhi, July 10, 2025 — Life Insurance Corporation of India (LIC) reported a 14.60% year-on-year growth in individual premium collections for June 2025, outperforming the 12.12% rise registered by private life insurers, according to data released by the Life Insurance Council on Thursday.

LIC collected Rs 5,313 crore in individual premiums during the month, while 25 private sector insurers together generated Rs 8,408 crore from the same segment.

LIC (Life Insurance Corporation of India) closed at ₹926.55, down 2.06%.

Decline in Policy Issuance Despite Premium Growth

Despite the increase in premiums, LIC issued a total of 12.49 lakh policies in June 2025, which is comparatively less than the 14.65 lakh policies issued in June 2024. In the individual category, the number of policies issued also decreased, to 12.48 lakh, from 14.62 lakh last year.

Group policy issuances declined even more steeply, with only 1,290 group policies issued in June 2025, down from 2,827 in the same month in 2024.

Group Premium Income Contracts for LIC and Private Insurers

The group premium income for LIC amounted to Rs 22,087 crore, which was a 7% decline compared to the previous year. Private life insurers’ group premiums fell even more, at 19% to Rs 5,315 crore.

Total Premium Income Slips Across the Sector

In June 2025, the premium earnings of Life Insurance Corporation (LIC) totalled ₹27,395 crore, representing a 3.43% increase from the same period last year. As with LIC, the total output of premiums in the private sector was Rs 13,722 crores, which fell by 2.45% in June 2024.

Overall, this June data shows strong persistence from LIC in the individual premium space within the life insurance sector, even while policy volumes and group business declined across the industry.

Outlook

Although individual premium growth at LIC may be attributed to the industry’s general growth, the 14.6% growth has been attributed to the resilience of the core business, as other elements, such as policy issuance and Group premiums, declined, indicating a shift toward quality rather than quantity in the insurance sector.

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