Overview

• New business premiums rose 6.01% year-on-year to Rs 1,63,461.52 crore in August, according to the Life Insurance Council.
• Industry-wide premium collections declined 5.16% from a year earlier to Rs 30,958 crore, reflecting volatility in monthly flows.
• LIC’s total premium fell about 17% to Rs 16,022 crore, with its group single premiums down 38% to Rs 9,971 crore, pressuring the aggregate.
• Private players reported broad gains: SBI Life up 22.8% to Rs 3,321 crore, Axis Max Life up 19.6% to Rs 1,143 crore, ICICI Prudential up 17.7% to Rs 1,776 crore, and HDFC Life up 9.5% to Rs 3,064 crore.
• The council cited distribution expansion and digitisation, noting over 4.37 lakh individual agents were added even as the overall agent base grew 2.75% due to attrition.