LIC June 2025 Premium Rises 14.6% in Individual Segment, But Total Policies and Group Business Decline

Life Insurance Corporation of India (LIC), the country's largest state-owned insurer, reported a 14.60% year-on-year (YoY) increase in individual premiums for the month of June 2025, according to data released by the Life Insurance Council. Private life insurers recorded a 12.12% YoY growth in the same category, reinforcing continued momentum in India's life insurance sector.

LIC Monthly Performance June 2025

Despite the growth in individual premium collections, LIC's total premium for June 2025 declined by 3.43% YoY to Rs 27,395 crore, compared to Rs 28,366.87 crore in June 2024. This dip was primarily driven by a 6.95% drop in group premium collections, which fell from Rs 23,731.13 crore last June to Rs 22,082.37 crore this year.

In June 2025, LIC collected Rs 5,312.63 crore in individual premium, registering a 14.60% year-on-year (YoY) increase, while private life insurers collected Rs 8,407.52 crore, up 12.12% YoY. However, in the group premium segment, LIC brought in Rs 22,082.37 crore, which marked a decline of 6.95% compared to the previous year.

Private life insurers saw an even sharper drop of 19.09% in group premium collections, totaling Rs 5,314.62 crore. As a result, LIC's total premium for June 2025 stood at Rs 27,395 crore, down 3.43% from June 2024, while private insurers reported Rs 13,722.14 crore in total premium, showing a 2.45% decline year-on-year.

Policy Issuance Declines

In June 2025, LIC issued 12.49 lakh policies, a notable decline from 14.65 lakh policies issued in June 2024. In the individual policy segment, the figure dropped to 12.48 lakh, down from 14.62 lakh last year. Group policies also saw a sharp fall from 2,827 in June 2024 to 1,290 this June.

April-June 2025 Quarterly Performance

On a quarterly basis, LIC's total premium for April-June 2025 stood at Rs 59,410.69 crore, up 3.43% from Rs 57,440.89 crore in the same period last year. The individual premium segment rose 5.34% YoY to Rs 12,503.68 crore, while group premium increased 2.93% to Rs 46,907.01 crore.

However, the number of policies issued in the first quarter of FY26 fell to 30.43 lakh, compared to 35.72 lakh in April-June 2024. In the individual segment, 30.40 lakh policies were issued, down from 35.65 lakh in the same quarter last year. Group policies dropped to 3,848, from 6,531 in the year-ago period.