The Indian life insurance sector is showing strong vitality, driven by significant annual growth and high-performing private players.
List of Topic Covered
Top 10 Life Insurers by New Business Premium (YOY)
- A strong + 23 % surge in New Business Premium (NBP) was recorded for November 2025 among the top 10 insurers.
- The total premium for the top 10 insurers was ₹ 29,191.41 Crore in November 2025, compared to ₹ 23,710.34 Crore in November 2024.
- Aditya Birla Sun Life showed the strongest performance with a + 111% increase, followed by Bajaj Life (65%) and SBI Life (34%).
Top 10 Life Insurers by New Business Premium (MOM)
Here we have compared the new business premium (NBP) data of the top 10 life insurers on a month on month (MOM) basis, specifically between November 2025 and October 2025.
- Top 10 life insurers total New Business Premium (NBP) saw a month-on-month contraction, falling from ₹34,006.94 Crore in October 2025 to ₹31,119.64 Crore in November 2025.
- LIC premium decreased by -18% to ₹15,869.71 Crore, followed by HDFC Life (-12%), Aditya Birla Sun Life (-5%), and Bajaj Life (-4%).
Top 10 Life Insurers by New Business Premium (YTD)
Here we have compared the New Business Premium (NBP) data of the top 10 life insurers on a year till date (YTD) basis, specifically between up to November 2025 and up to November 2024.
ICICI Prudential Life’s premium declined by 3% to ₹13,145.0 Crore. Meanwhile, Star Union Dai-ichi Life premium surged by 21% followed by SBI Life 19%, Max Life 18% and Bajaj Life 15%.
New Business Performance of All Life Insurers
Here we have compared New business premium collected from April, 25 till Nov, 25 Vs April, 24 till Nov, 24
- Total Premium collected in November 2025 has surged by 23% to 31,119.64 Crore,
- Total Premium collected up to November 2025 has surged by 10% to 2,68,794.76 Crore
Overall, the long-term trend appears steady and looks strong. What are your thoughts on this growth? I will await your feedback in the comment box.