The Life Insurance Corporation of India (LIC) has reported a significant surge in group and individual premiums for the first 11 months of FY25. According to industry data, the corporation’s total premium collection stood at 1.90 lakh crore, a 1.90% increase from the corresponding period in FY24. The individual premium collection declined by 1.07% in February 2025, but the group premium collection saw a 13.53% rise to 4,898 policies. This growth was driven by an increase in group yearly renewable premiums, which rose by 28.29%.
Additionally, LIC’s standalone net profit for the December quarter saw a 17% year-on-year rise, reaching 11,056.47 crore, supported by a decline in management expenses, particularly employee-related costs. LIC’s group premium collection between April 2024 and February 2025 stood at 52,382.58 crore, with individual policies reaching 1.46 crore.
The corporation’s brand has also received recognition, as it was 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. In terms of overall brand value, LIC held the 12th position among the world’s most valuable insurance brands, while SBI Life ranked 76th. This data highlights LIC’s significant presence in the insurance industry, not only in India but also globally.