{"id":884333,"date":"2026-01-12T06:12:08","date_gmt":"2026-01-12T12:12:08","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/12\/life-insurers-post-nearly-40-growth-in-december-premiums-after-gst-relief\/"},"modified":"2026-01-12T06:12:08","modified_gmt":"2026-01-12T12:12:08","slug":"life-insurers-post-nearly-40-growth-in-december-premiums-after-gst-relief","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/12\/life-insurers-post-nearly-40-growth-in-december-premiums-after-gst-relief\/","title":{"rendered":"Life insurers post nearly 40% growth in December premiums after GST relief"},"content":{"rendered":"
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India\u2019s life insurance new business premiums grew 39.5% in December, driven by LIC and private firms such as SBI Life, HDFC Life, and ICICI Prudential.<\/h2>\n<\/p>\n
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By Anshul <\/span><\/a>\u00a0January 12, 2026, 8:15:56 AM IST (Updated)<\/span><\/span><\/p>\n<\/div>\n

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\"CNBCTV18\"<\/p>\n<\/div>\n

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India\u2019s life insurance industry reported its strongest monthly performance of the current financial year in December, recording nearly 40% year-on-year growth in new business premiums (NBP), supported by improved affordability following the rationalisation of goods and services tax (GST) on individual life insurance policies.<\/p>\n

\nData released by the Life Insurance Council<\/a> showed that total first-year premium income rose 39.5% year-on-year to \u20b942,151 crore in December, compared with \u20b930,219 crore in the corresponding month last year.<\/p>\n

\nThe December outturn followed a more than 20% annual growth reported in November.<\/p>\n

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\nState-owned Life Insurance Corporation of India (LIC) led the expansion, reporting a 57.45% year-on-year jump in new business premiums to \u20b921,294 crore, up from \u20b913,524 crore a year earlier. Private life insurers collectively posted a 25% increase in premiums to \u20b920,857 crore during the month.<\/p>\n

\nWithin LIC\u2019s portfolio, group single premium business\u2014the corporation\u2019s largest segment\u2014rose sharply by 80% to \u20b914,731 crore from \u20b98,374 crore in December last year. Premiums from individual policies increased 27% to \u20b96,563 crore. Among private insurers, individual business premiums grew 21% year-on-year to \u20b914,387 crore, while group business rose 36% to \u20b96,470 crore.<\/p>\n

\nAmong major private players, SBI Life Insurance, the largest private insurer by premium, reported a 19% year-on-year increase in December premiums to \u20b96,336.96 crore. HDFC Life Insurance saw premiums rise 14.55% to \u20b93,108 crore, while ICICI Prudential Life Insurance posted a 25% increase to \u20b91,945 crore. Max Life Insurance reported a 24.97% growth, with premiums reaching \u20b91,567.72 crore.<\/p>\n

\nPolicy issuance also remained strong during the month. Life insurers sold 28 lakh policies in December, marking a 35.44% year-on-year increase.<\/p>\n

\nOn a cumulative basis, life insurers recorded a 13% rise in new business premiums during the April\u2013December period of the current financial year, with total premiums reaching \u20b93.11 lakh crore. LIC reported a 12.34% increase in premiums to \u20b91.77 lakh crore, while private insurers posted a 14% growth to \u20b91.33 lakh crore.<\/p>\n

\nThe number of policies sold during the nine-month period edged up 1.71% year-on-year, reversing the contraction of 2.74% recorded in the corresponding period last year.<\/p>\n<\/div>\n

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First Published:\u00a0<\/p>\n

Jan 12, 2026 8:14 AM<\/p>\n

IST<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Anshul<\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s life insurance new business premiums grew 39.5% in December, driven by LIC and private firms such as SBI Life, HDFC Life, and ICICI Prudential. By Anshul \u00a0January 12, 2026, 8:15:56 AM IST (Updated) India\u2019s life insurance industry reported its strongest monthly performance of the current financial year in December, recording nearly 40% year-on-year growth<\/p>\n","protected":false},"author":1,"featured_media":884334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23317,30445],"tags":[],"class_list":{"0":"post-884333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-growth","8":"category-insurers"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=884333"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/884334"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=884333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=884333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=884333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}