April 24, 2025: Life Insurance Corporation of India (LIC), the country’s largest life insurer, garnered Rs 2,26,669.91 crore in New Business Premium for FY25, which includes a record Rs 62,404.58 crore from individual new business. Individual New Business Premium for FY25 registered a growth of 8.35% Year on Year basis, according to data from the Life Insurance Council. LIC’s New Business Premium Fiscal Years New Business Premium (Rs cr) New Business Premium (Rs cr) % Change FY15 78,302.82 90,123.75 -13.12 FY16 97,674.31 78,302.82 24.74 FY17 1,24,396.27 97,674.31 27.36 FY18 […]
The post LIC FY25 New Business Premium Hits INR 2.27 Trillion, Record INR 62,405 Cr Individual Premium first appeared on Business News Week.