07
May
India’s life insurance industry reported robust growth in FY26, with total new business premium (NBP) rising 15.7% year-on-year to ₹4,59,713 crore, compared to ₹3,97,337 crore in FY25, signalling strong demand and improving market confidence. In March 2026, insurers collected ₹75,872 crore in new business premium, up from ₹61,439 crore in March 2025, reflecting sustained traction across both individual and group segments. Growth was led by the group business segment, with Group Single Premium increasing 17.5% to ₹2,49,766 crore and Group Yearly Renewable Premium surging 39%. Group Non-Single Premium also registered notable gains, though on a smaller base. The individual segment…
