The New Business Premium (NBP) of life insurers grew 15.7 per cent to ₹4.59 lakh crore in the financial year ended March 31, 2026, compared to ₹3.97 lakh crore in the previous financial year.
As per data released by the Life Insurance Council (LIC), the NBP crossed the ₹4 lakh crore milestone for the first time, reaching ₹4,59,713 crore in FY26, up from ₹3,97,336 crore in FY25. The growth in NBP at FY25 and FY24 was at 5.7 per cent and 2 per cent, respectively.
The Life Insurance Corporation’s NBP grew 14.91 per cent at ₹2,60,464 crore in the year under review compared to ₹2, 26, 669 cr. The total NBP of private life insurers grew 16.75 per cent to ₹1,99,249 crore from ₹1,70,6667 crore, as per the data.
Published on April 22, 2026