Overview
- Industry new business premiums climbed 22.42% year-on-year in July to Rs 38,958.05 crore, with LIC accounting for Rs 22,617.6 crore and private insurers Rs 16,340.4 crore.
- Group policy collections surged 29.70% in July, underscoring strong demand from corporate and institutional clients.
- Shriram Life’s Q1 FY26 results showed a 21% rise in individual new business premiums to Rs 257 crore, a 17% increase in assets under management to Rs 13,799 crore and a 27% jump in total premium income to Rs 863 crore.
- Renewal premiums at Shriram Life grew 25% to Rs 323 crore while its average ticket size surged 63% to Rs 24,799, reflecting stronger policyholder retention and higher premium policies.
- The sector added over 347,561 agents in the past year, lifting total headcount by 2.27% and broadening coverage in rural and semi-urban markets.