India’s largest life insurance company (LIC) has provided new business premiums for new businesses in fiscal 255 and received an impressive Rs 2,266,699,999.91 crore, including a record Rs 62,404,045.8 crore in personal new business, according to data released by the Life Insurance Commission on Wednesday.
These data show that premiums for personal new business in fiscal 25 increased by 8.35% year-on-year. However, the group premium fell by 0.40% in the current fiscal year, down from Rs 164,925.89 crore last year to Rs 164,265.34 crore.
For fiscal 25, LIC sold a new policy of 1.78 billion, despite a new surrender value norm starting from October 1, 2024.
Looking at the performance of specific segments in March 2025, the growth of a single premium segment was 10.75%, totaling Rs 100,22 crore, up from Rs 90,488.7 crore in March 2024.
However, the group's premiums fell 1.34% to Rs 268,8533 crore from Rs 27,251.74 crore last year.
The LIC reported independent net profit in the October-December quarter rose 17% year-on-year to Rs 110,5647 crore, compared with Rs 944,444.42 crore in the previous year. This increase was supported by a decline in administrative expenses, especially in employee-related costs.
According to Brand Financial Insurance 100 In 2025, LIC also ranked third among the world's most powerful insurance brands, with 88 points of 100 points.
Poland-based PZU scored the top spot with a BSI score of 94.4, followed by China Life Insurance, which ranked second with a BSI score of 93.5.
In terms of overall brand value, LIC ranks 12th among the world's most valuable insurance brands, while SBI Life ranks 76th, making it the only two Indian insurance companies in the top 100.
According to the Brand Financing Report, the top 100 insurance brands grew by 9% in 2025, driven by increased underwriting performance, higher investment income, rising interest rates and increased profitability. The market value of the highest insurance brand increases with the demand for insurance products in various departments.
