Kolkata, Mar 11 (UNI) Life Insurance Corporation of India (LIC) has recorded an increase in both Group Yearly Renewable Premium and Individual Premiums during the first 11 months of FY25.
While the Group Yearly Renewable Premium surged by 28.29 percent, Individual Premiums grew by 7.90 pc, the insurance behemoth said in a statement on Tuesday.
As of February 2025, LIC’s total premium collection stood at Rs 1.90 trillion, reflecting a 1.90 pc increase from Rs 1.86 trillion collected in the corresponding period of FY24.
In February 2025, Individual Premiums declined by 1.07 pc to Rs 4,837.87 crore, compared to Rs 4,890.44 crore in February 2024. However, for the 11-month period ending February 2025, policies under Group Premiums totalled to 4,898, up 13.53 pc from 4,314 collected during the same period in the previous fiscal year.
In February LIC issued 12.02 lakh policies under the Individual category and the Group Yearly Renewable segment recorded 1,430 policies and schemes.
Across all categories, LIC’s total number of policies stood at 12.04 lakh.
Performance between April 2024 – February 2025 in Individual Premium collections totalled Rs 52,382.58 crore and Individual category policies reached 1.46 crore, the statement maintained.
Policies and schemes under the Group Yearly Renewable segment stood at 23,693 and the total number of LIC policies sold between the period totalled to 1,46,72,007.
LIC has been ranked as the third strongest insurance brand globally, with a Brand Strength Index (BSI) score of 88/100, according to the Brand Finance Insurance 100 – 2025 report.
Poland-based PZU secured the top position with a BSI score of 94.4,followed by China Life Insurance at 93.5.
In terms of overall brand value, LIC holds the 12th position among the world’s most valuable insurance brands, while SBI Life, ranking 76th, is the only other Indian insurer in the global top 100.
