LIC’s business premium growth: The country’s most trusted insurance company, Life Insurance Corporation of India, LIC has registered a growth of 9.91% year-on-year in new business premium NBC collection for April 2025. In such a situation, let us tell you the recent industry related information and detailed information about the percentage rate related to LIC and how much has been the growth of private life insurance companies.
By the way, let me tell you that the growth rate of 8.43% of the overall industry and 6.09% of private life insurance companies has come out to be more than the growth rate of which we are getting news recently, according to that, according to the data released by the Life Insurance Corporation, important information has come out in which LIC collected Rs 13,610.63 crore in NBC for this month, which is the largest figure and if we talk about April 2024, then its figure had increased more but it was seen to be slightly less, like it is more than Rs 12,383.64 crore.
LIC sees strong overall growth in individual premiums
According to the information received, if we tell you once, there has been a slight decline of 0.46 percent in the individual premium collection of the company, but still the insurance company is going in profit, in such a situation, if we talk about 1 year ago and compare it, then it came to Rs 3,160.87 crore in comparison to Rs 3,175.47 crore a year ago. Which is a very big figure, apart from this, if we talk about the group premium segment, then they have also seen a very good performance, such as it increased by 13.48 percent from Rs 9,208.17 crore to Rs 10,449.76 crore. This month’s collection has contributed a lot to the performance and the company is also expecting to perform well going forward.
