Sensex
77,100.47 profit arw 109.25 (0.14%)
Nifty
24,056.00 profit arw 34.35 (0.14%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 23-Apr-2026
Economy - Reports
23-Apr-2026     12:07

Life insurance sector new business premium surges around 16% in FY26

The life insurance sector reported a three-fold jump in growth, with new business premium (NBP) soaring 15.60% year-on-year to a record Rs 4.60 lakh crore in FY26. The growth was primarily driven by the Goods and Services Tax (GST) rate cut from 18% to nil on individual life insurance policies, which triggered strong demand, particularly for pure protection products like as term insurance. FY26 also recorded a return to double-digit growth after two consecutive years of lax growth expansion. Life Insurance Corporation (LIC), the country's largest life insurer, reported a 15% year-on-year increase in new business premium to Rs 2.60 lakh crore. In comparison, the 26-member private life insurance industry rose 17% to Rs 1.99 lakh crore.

INDIAN INDICES

Sensex

77,100.47 109.25 (0.14%)

Nifty

24,056.00 34.35 (0.14%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

22,671.87 -405.05(-1.76%)