In May 2025, India’s life insurance industry saw a 13% rise in new business premiums (NBP) to Rs 30,463 crore, despite a 10.4% drop in policies sold, due to new surrender value rules. Private insurers led growth with a 16.6% increase in NBP. LIC’s premiums rose 10.3%. Higher-value policies and group business boosted premiums, while individual regular premiums declined.