LIC recorded a 14.6% growth in individual premium income in June 2025, totaling ₹5,313 crore, compared to private sector companies which amassed ₹8,408 crore collectively.
In terms of policy numbers, LIC issued a total of 12.49 lakh policies in June 2025, a decline from 14.65 lakh policies issued in the same period last year. The individual policies issued by LIC decreased to 12.48 lakh from 14.62 lakh, while group policies reduced to 1,290 from 2,827.
LIC's group premium income saw a 7% decline to ₹22,087 crore in June 2025 compared to last year, whereas private sector companies experienced a 19% degrowth in group premium income, amounting to ₹5,315 crore.
Overall, LIC's total premium income in June 2025 decreased by 3.43% to ₹27,395 crore, while private sector players reported a 2.45% decline with total premium income reaching ₹13,722 crore.