Life Insurers See 11% Rise in New Premium Collection in April-May

India’s life insurance sector posted a healthy 10.8% growth in new business premium (NBP) collection during the first two months of the current financial year, according to data released by the Life Insurance Council on Monday.

In May 2025 alone, new premium income surged 12.6%, reaching ₹30,463 crore compared to ₹27,034 crore in the same month last year. This growth signals sustained momentum in the insurance sector, driven by increased consumer awareness and a broader push for financial protection.

Industry experts attribute the robust performance to strong demand for individual plans and group policies, along with digital expansion and marketing strategies adopted by insurers. The sector is expected to maintain its upward trajectory as more Indians prioritize insurance amid rising financial uncertainties.