Mumbai, 9 September 2025 – India’s life insurance industry continued its upward momentum in August 2025, with new business premiums (NBPs) registering a 6.01% year-to-date (YTD) growth, according to data released by the Life Insurance Council.
NBPs increased from ₹1,54,193.76 crore in August 2024 to ₹1,63,461.52 crore this year. The performance was supported by strong traction in individual single premiums (up 9.71% YTD) and individual non-single premiums (up 4.51% YTD).
The Council highlighted that combined individual premium collections rose 6.20% YTD, reflecting insurers’ focus on first-time buyers and essential life insurance solutions.
To drive growth and deepen penetration, insurers added over 4.37 lakh new agents, despite overall agent strength showing only 2.75% growth due to attrition. Parallelly, accelerated digital adoption continues to reshape distribution, expanding access to underserved segments.
Industry experts believe this trend positions insurers for sustained premium growth through FY25 and beyond, driven by higher financial awareness, agent expansion, and technology-led distribution.
