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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.

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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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