Business EconomyPosted at: May 13 2025 8:57PM

LIC reports 9.91 percent year-on-year (YoY) increase in new business premium for April 2025

Kolkata, May 13 (UNI) Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a 9.91 percent year-on-year (YoY) increase in new business premium for April 2025—surpassing the industry growth rate of 8.43 pc and private life insurers’ growth of 6.09 pc, as per data released by the Life Insurance Council.

In April 2025, LIC collected Rs 13,610.63 crore in new business premiums, up from Rs 12,383.64 crore in April 2024. The overall life insurance industry garnered Rs 21,965.73 crore, marking an 8.43 pc rise over Rs 20,258.86 crore collected in the same month last year. Private life insurers contributed Rs 8,355.10 crore, registering a 6.09 pc growth over the previous year’s Rs7,875.22 crore.

In the Individual Premium category, LIC posted a slight decline of 0.46 pc, collecting Rs 3,160.87 crore in April 2025 compared to Rs 3,175.47 crore in April 2024.

However, the Group Premium segment recorded a robust 13.48 pc growth, rising to Rs 10,449.76 crore from Rs 9,208.17 crore a year earlier.

During April 2025, total policies issued by LIC stood at 7.26 lakh from 8.56 lakh in the same period last year. While individual policies were 7.24 lakh policies for April 2025 from 8.55 lakh policies for April 2024, Group Policies stood at 1,169 in April 2025 from 1,425 for April 2024.

Total Premium collected by LIC for the four months January- April 2025, stood at Rs 82,324.58 crore from Rs 87,500.97 crore for the same month last year.

The Individual Premium segment amounted to Rs 23,188.46 crore, compared to Rs22,164.24 crore in the same period last year. The Group Premium segment amounted to Rs 59,136.12 crore for the January-April 2025, from Rs 65,336.73 crore in the previous year.

LIC issued a total policy of 68.05 lakh policies for the four months January-April 2025 from 87.05 lakh policies in the same period last year. Policies for the Individual Category stood at 67.97 lakh.

The January-April 2025, from 86.92 lakh in the January-April 2024. Group Policies stood at 8,930 in the January-April 2025 from 13,248 policies in the January-April 2024.

UNI PC BD

Tags: #LIC reports 9.91 percent year-on-year (YoY) increase in new business premium for April 2025

LIC reports 9 91 percent year-on-year (YoY) increase in new business premium for April 2025

13 May 2025 | 8:57 PM

MSMEs merchandise export share increased to 45 7 pc in FY24: SIDBI report

13 May 2025 | 8:19 PM

Hyderabad, May 13 (UNI) MSMEs increased their merchandise export share from 43.6 percent (FY23) to 45.7% (FY24) said Small Industries Development Bank of India (SIDBI) in its new report titled ‘Understanding Indian MSME Sector: Progress and Challenges’ released on Tuesday.

Retail inflation drops to 6-year low in April

13 May 2025 | 6:04 PM

New Delhi, May 13 (UNI) India’s retail inflation eased to a nearly six-year low of 3.16 per cent in April, driven by a sharp decline in food prices, particularly vegetables, pulses and meat. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, food inflation dropped to 1.78 per cent, the lowest since October 2021, from 2.69 per cent in March — a sharp decline of 91 basis points.

LIC reports 9.91 percent year-on-year (YoY) increase in new business premium for April 2025

Canara Bank launches ‘CANARA TruEdge’ Savings and Current account

LIC reports 9 91 percent year-on-year (YoY) increase in new business premium for April 2025

MSMEs merchandise export share increased to 45 7 pc in FY24: SIDBI report

Retail inflation drops to 6-year low in April

Bajaj Auto launches all-new Electric Bajaj GOGO auto in Hyd

PATNA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar along with Deputy CM Samrat Chaudhary inaugurated Sushil Kumar Modi Samriti Park on the occasion of death anniversary of former Bihar CM Sushil Kumar Modi, in Patna on Tuesday. UNI PHOTO-120U

CHAPRA, MAY 13 (UNI):- RJD Leader of Opposition Tejashwi Yadav paying tribute to Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-119U

CHAPRA, AY 13 (UNI)- RJD Leader of Opposition Tejashwi Yadav consoling the family members of Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-118U

PATNA, MAY 13 (UNI):- National Incharge of NSUI, Kanhaiya Kumar addresses a press conference at Congress state office, in Patna on Tuesday. UNI PHOTO-117U

PATNA, MAY 13 (UNI):- Bihar Deputy CM Samrat Chaudhary paying tribute to former BJP MP Sushil Kumar Modi on his death anniversary at Rabindra Bhawan, in Patna on Tuesday. UNI PHOTO-116U

CHAPRA, AY 13 (UNI)- RJD Leader of Opposition Tejashwi Yadav consoling the family members of Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-115U

PATNA, MAY 13 (UNI):- Students celebrate their success after the announcement of CBSE Class 10th and 121th results at a school, in Patna on Tuesday. UNI PHOTO-114U

NEW DELHI, MAY 13 (UNI):- Union Minister for Home Affairs and Cooperation, Amit Shah reviews implementation of three New Criminal Laws in Puducherry with Lieutenant Governor K.Kailashnathan, in New Delhi on Tuesday. UNI PHOTO-113U

KOCHI, MAY 13 (UNI):- Dr.Balaji Ramakrishnan, Director of the National Institute of Ocean Technology (NIOT), addressing after inaugurating a 5-Day national training on Blue Economy at CMFRI, in Kochi on Tuesday. UNI PHOTO-112U

CHAPRA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar along with Deputy CM Samrat Chaudhary paying tribute to Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-111U

PATNA, MAY 13 (UNI):- Police personnel investigation BN College campus after clashes between two groups of students at a hostel of Bihar National College, in Patna on Tuesday. UNI PHOTO-97U

PATNA, MAY 13 (UNI):- Players of Haryana (Red) and Rajasthan compete in the women's boxing event at the Khelo India Youth Games 2025, in Patna on Tuesday. UNI PHOTO-110U

VARANASI, MAY 13 (UNI):- Varanasi Vayapar Mandal members taken out (Tiranga Yatra) and shouting slogans (Barat Mata Ki Jai) and Bhartiya (Sena Jindabad), in Varanasi on Tuesday. UNI PHOTO-109U

PATNA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar paying tribute to former Bihar CM Sushil Kumar Modi on his death anniversary, in Patna on Tuesday. UNI PHOTO-108U

VARANASI, MAY 13 (UNI):- Varanasi Vayapar Mandal members taken out (Tiranga Yatra) and shouting slogans (Barat Mata Ki Jai) and Bhartiya (Sena Jindabad), in Varanasi on Tuesday. UNI PHOTO-107U

VARANASI, MAY 13 (UNI):- Varanasi Vayapar Mandal members taken out (Tiranga Yatra) and shouting slogans (Barat Mata Ki Jai) and Bhartiya (Sena Jindabad), in Varanasi on Tuesday. UNI PHOTO-106U

PATNA, MAY 13 (UNI):- Players of Haryana (Red) and Rajasthan compete in the women's boxing event at the Khelo India Youth Games 2025, in Patna on Tuesday. UNI PHOTO-105U

PATNA, MAY 13 (UNI):- National Incharge of NSUI, Kanhaiya Kumar addresses a press conference at Congress state office, in Patna on Tuesday. UNI PHOTO-104U

CHAPRA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar along with Deputy CM Samrat Chaudhary paying tribute to Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-103U

PATNA, MAY 13 (UNI):- Players of Bihar (Red) and Punjab compete in the women's wrestling event at the Khelo India Youth Games 2025, in Patna on Tuesday. UNI PHOTO-102U