FY26 life insurance collection: Insurers clock nearly 11% growth in...

FY26 life insurance collection: Insurers clock nearly 11% growth in new business premiums in April-May; collections surpass Rs 52,000 crore

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India's life insurance sector began fiscal year 2025-26 strongly, with new business premiums increasing by 10.8% during April-May, totaling Rs 52,427 crore. May alone saw a 12.6% surge, reaching ₹30,463 crore. Industry growth is attributed to targeting first-time buyers and focusing on essential life cover. LIC, the largest insurer, reported a 10.27% rise in new business premiums for May, collecting Rs 18,405.

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