LIC Data 13.8% Soar In Group Premium Throughout Could | Economic system Information
New Delhi: Life Insurance coverage Company of India (LIC), the nation’s largest life insurer, reported a 13.79 per cent year-on-year improve in group premium for Could this 12 months. For the primary two months of the monetary 12 months 2025-2026, group premium grew 13.66 per cent, information launched by the Life Insurance coverage Council confirmed on Monday.
In Could, LIC collected Rs 14,374.87 crore in group premium up from Rs 12,632.26 crore in Could 2024. The general new enterprise premium grew 10.27 per cent from Rs 16,690.39 crore in Could 2024 to Rs 18,405.04 crore in Could this 12 months.
The general life insurance coverage business garnered Rs 30,463.20 crore, marking an 12.68 per cent rise over Rs 27,034.14 crore collected in the identical month final 12 months. Within the Particular person Premium class, LIC posted a slight decline of 0.69 per cent, amassing Rs 4,030.17 crore in Could 2025 in comparison with Rs 4,058.13 crore in Could 2024.
Whole insurance policies issued by LIC throughout Could this 12 months stood at 10.68 lakh in comparison with 12.51 lakh in the identical interval final 12 months. Whereas particular person insurance policies numbered 10.67 lakh for the month in comparison with 12.48 lakh in Could 2024. Group insurance policies stood at 1,389 within the month in contrast with 2,279 for the month of Could 2024.
Whole Premium collected by LIC for the April-Could 2025, stood at Rs 32,015.68 crore up from Rs 29,074.03 crore for a similar months final 12 months. Within the Particular person Premium section amounted to Rs 7,191.04 crore, down from Rs 7,233.61 crore in the identical interval final 12 months. The Group Premium section amounted to Rs 24,824.64 crore for the April-Could 2025, up from Rs 21,840.42 crore within the earlier 12 months.
LIC issued a complete coverage of 17.94 lakh for the months of April and Could 2025 in contrast with 21.07 lakh insurance policies in the identical interval final 12 months. Insurance policies for the Particular person Class stood at 17.91 lakh within the April-Could 2025, in contrast with 21.03 lakh within the April-Could 2024. Group Insurance policies stood at 2,558 within the April-Could 2025 in contrast with 3,704 insurance policies within the April-Could 2024.
LIC reported a sturdy 38 per cent YoY progress in This autumn FY25 consolidated internet revenue, reaching Rs 19,039 crore, and introduced a last dividend of Rs 12 per share. Whereas internet premium earnings noticed a slight dip, the total monetary 12 months witnessed an 18 per cent improve in PAT to Rs 48,151 crore. A bonus of Rs 56,190.24 crore was declared to policyholders.
