The web premium revenue development was led by a rise in each particular person and group enterprise premiums.
When it comes to market dominance, LIC maintained its management with a 63.51% share in First 12 months Premium Earnings (FYPI), as per IRDAI knowledge. Inside segments, it commanded a 38.76% share within the Particular person enterprise and a dominant 76.54% share in Group enterprise.
The person premium revenue rose 6% YoY to Rs 71,474 crore, whereas group premium revenue noticed a 2.46% rise to Rs 47,726 crore. Nonetheless, the variety of insurance policies offered within the particular person phase declined 14.75% to 30.39 lakh in Q1FY26.
On an Annualized Premium Equal (APE) foundation, the whole premium stood at Rs 12,652 crore, with particular person enterprise accounting for 56% (Rs 7,061 crore) and the remaining from group enterprise. Throughout the particular person phase, Non-Par merchandise surged 33% YoY to Rs 2,142 crore, elevating their share to 30.34%, in comparison with 23.94% in Q1FY25.
The Worth of New Enterprise (VNB) rose 21% YoY to Rs 1,944 crore, and the VNB margin expanded 150 foundation factors to fifteen.4%, reflecting improved profitability and product combine.LIC’s property beneath administration (AUM) rose 6% YoY to Rs 57.05 lakh crore, whereas the expense ratio improved by 140 foundation factors to 10%. The yield on investments (excluding unrealized positive aspects) was 8.45%, barely down from 8.54% a 12 months in the past.Persistency metrics have been combined: the Thirteenth-month persistency ratio on premium foundation fell to 75.63% (from 78.23%) and the 61st-month improved barely to 63.85% (from 61.62%).
LIC MD and CEO R Doraiswamy stated the expansion in non-par merchandise, VNB margins, and bancassurance share displays robust execution of the corporate’s strategic priorities. Over 1.99 lakh girls Bima Sakhis have been appointed by June 30, who collectively offered greater than 3.26 lakh insurance policies in Q1.
On Thursday, LIC shares closed 0.7% decrease at Rs 886 on NSE.
