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Reading: LIC’s new enterprise premium for FY25 grows 2% YoY to Rs 2.27 lakh crore
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StockWaves > Financial News > LIC’s new enterprise premium for FY25 grows 2% YoY to Rs 2.27 lakh crore
Financial News

LIC’s new enterprise premium for FY25 grows 2% YoY to Rs 2.27 lakh crore

StockWaves By StockWaves Last updated: April 24, 2025 2 Min Read
LIC’s new enterprise premium for FY25 grows 2% YoY to Rs 2.27 lakh crore
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State-insurer Life Insurance coverage Company of India (LIC) garnered over Rs 2.27 lakh crore in New Enterprise Premium (NBP) for FY25, which was a 1.86% progress in NBP over Rs 2.22 lakh crore recorded within the yr in the past interval. This features a file Rs 62,405 crore from particular person new companies.

Particular person New Enterprise Premium for FY25 registered a progress of 8.35% 12 months on 12 months foundation, based on knowledge from the Life Insurance coverage Council.

ETMarkets.com

For FY25, the group premium fell 0.40%, to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore final yr.For FY25, LIC bought 1.78 crore new insurance policies, regardless of the introduction of latest give up worth norms efficient from October 1, 2024.

Why you need to spend money on well being and wellness sector for improved monetary well being

Stay Occasions

Taking a look at segment-specific efficiency in March 2025, the Particular person Premium section noticed a ten.75% rise, totalling Rs 10,022 crore, up from Rs 9,048.87 crore in March 2024. Conversely, the Group Premium fell by 1.34% to Rs 26,885.33 crore from Rs 27,251.74 crore final yr.

LIC shares as we speak closed within the purple, falling by Rs 1.80 or 0.22% to Rs 819.60 on the NSE.

(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Instances)

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