Life insurers collected about ₹2.46 lakh crore (₹2,45,603.7 crore) in first-year premium in April to September 2026, according to the Life Insurance Council, up 20.6% from ₹2,03,668.2 crore a year earlier. LIC took ₹1.44 lakh crore of it, almost 59% of the industry total. Private insurers collected ₹1,01,257.1 crore.
Source · Life Insurance Council, via Cafe Mutual, figure for September 2026 · checked
| Period | Value (₹ crore) |
|---|---|
| Apr-Sep 2026 | 2,45,603.7 |
| Apr-Sep 2025 | 2,03,668.2 |
| Apr-Sep 2024 | 1,89,214 |
Industry total of LIC and private life insurers for the six months from April to September 2026, against ₹2,03,668.2 crore in the same six months of 2025 and ₹1,89,214 crore in 2024.
| Measure | Figure | Source |
|---|---|---|
| First-year premium, April–September 2026 | ₹2,45,603.7 crore | Life Insurance Council, reported by Cafe Mutual, 8 Oct 2026 |
| First-year premium, April–September 2025 | ₹2,03,668.2 crore | same table |
| First-year premium, April–September 2024 | ₹1,89,214 crore | same table |
| Private insurers, April–September 2026 | ₹1,01,257.1 crore | same table |
| LIC share of the industry total | almost 59% | same article |
Following the September 22, 2025, GST exemption on individual life insurance plans, life insurers have seen a sharp rise in new business premiums. Data from the Life Insurance Council shows that total first-year premium rose from Rs. 2.04 lakh crore in April-September 2025 to Rs. 2.46 lakh crore in April-September 2026, marking a 20.6% increase. The rise is clear in individual plans. Individual single-premium growth went from 5% in September 2025 to 16.6% in September 2026, while individual non-single premium growth rose from 2.2% to 12.7%.
Group Yearly Renewable Premium 12921.79 42.26% 9083.05 61.20% 5634.5 Grand Total 245603.7 20.59% 203668.2 7.64% 189214 Source: Life Insurance Council; data is up to September each year.
Private Total 101257.1 22.50% 82660 9.24% 73664.16 12.21%
led by LIC, which collected Rs. 1.44 lakh crore, up 19.29% from the previous year. LIC remains far ahead of the private insurers.
its Rs. 1.44 lakh crore premium is almost 59% of the total industry premium of Rs. 2.46 lakh crore.
Worked out by us: 20.6 (245603.7 divided by 203668.2, minus 1, as a percentage, rounded to one decimal (the article gives 20.59%)); 2.46 (245603.7 ₹ crore divided by 1,00,000 to give lakh crore, rounded to two decimals); 1,01,257.1 (Private Total 101257.1 ₹ crore, shown with Indian digit grouping).
About ₹2.46 lakh crore (₹2,45,603.7 crore) in first-year premium, up 20.6% on a year earlier, according to the Life Insurance Council as reported by Cafe Mutual.
LIC collected about ₹1.44 lakh crore, almost 59% of the ₹2.46 lakh crore industry total. Private insurers collected ₹1,01,257.1 crore.
The article links the rise to the 22 September 2025 GST exemption on individual life insurance plans: it reports individual single-premium growth of 16.6% and non-single of 12.7% in September 2026.
This is a best guess, not an official statistic. We recheck it monthly. If you have a newer or better source, send it to us.
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