The Life Insurance Corporation of India (LIC), the country’s largest life insurer, achieved a remarkable milestone in FY25, reporting new business premiums of Rs 2,26,669.91 crore. This includes an all-time high of Rs 62,404.58 crore from individual new business premiums, as per the latest data released by the Life Insurance Council on Wednesday.
Growth in Individual Premiums
For FY25, LIC’s individual new business premiums saw an 8.35% year-on-year growth. This indicates a solid performance in the individual segment, despite changes in the market. However, LIC’s group premiums for FY25 experienced a slight decline of 0.40%, dropping to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore in the previous year.
New Policy Sales and Segment Performance
LIC sold a total of 1.78 crore new policies during FY25, even with the introduction of new surrender value norms starting from October 1, 2024. This demonstrates the continued strong demand for LIC’s offerings despite regulatory changes.
Looking at the performance in March 2025, LIC’s individual premium segment showed impressive growth. Individual premiums grew by 10.75%, reaching Rs 10,022 crore, compared to Rs 9,048.87 crore in March 2024. On the other hand, group premiums saw a minor decline of 1.34%, totaling Rs 26,885.33 crore, down from Rs 27,251.74 crore in the previous year.
LIC’s Profit Growth
LIC also reported a significant 17% increase in its standalone net profit for the quarter from October to December 2024. The net profit reached Rs 11,056.47 crore, up from Rs 9,444.42 crore in the same period last year. This growth was largely due to a reduction in management expenses, particularly those related to employee costs.
LIC’s Brand Strength and Global Ranking
LIC’s strong performance extends beyond just its financials. The company was ranked third among the world’s strongest insurance brands, earning an impressive Brand Strength Index (BSI) score of 88 out of 100 in the 2025 Brand Finance Insurance 100 report.
The top two spots were taken by Poland’s PZU with a BSI score of 94.4, and China Life Insurance with a score of 93.5.
In terms of overall brand value, LIC ranks 12th globally among the most valuable insurance brands. It is the highest-ranked Indian insurer, with SBI Life coming in 76th. Both are the only Indian companies in the Brand Finance top 100 insurance brands.
Insurance Industry Growth
The Brand Finance report highlights that the top 100 global insurance brands experienced a 9% growth in brand value in 2025. This growth was driven by improved underwriting results, higher investment income, rising interest rates, and increased profitability. The overall market capitalization of these leading brands rose as the demand for insurance products increased across various sectors.
