Summary:

In May 2025, India's life insurance market had a 12.68% YoY increase in new business premium (NBP) to Rs. 30,463 crore (US$ 3.54 billion), with private insurers accounting for 16.57% of the gain. LIC reported a 10.27% gain. Non-life insurance premiums increased by 6.46% YoY to Rs. 22,257.41 crore (US$ 2.58 billion), with general insurers up 5.72% and standalone health insurers up 9.98%. Specialised insurers had the greatest increase, at 53.36%. The figures show that the sector is experiencing tremendous momentum, driven by rising demand for protection and health coverage in India.

Source: IBEF

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