IRDAI data shows life insurers’ first-year premium grew 20.6% to ₹2.46 lakh crore in April–September FY26

Key facts

• Life insurers’ first-year premium rose 20.6% year-on-year to ₹2.46 lakh crore during April–September of FY26, against ₹2.04 lakh crore in the corresponding period last year, according to data released by the Insurance Regulatory and Development Authority of India (IRDAI).
• The life insurance industry collected ₹48,781 crore in first-year premium in September, up 21.3% from ₹40,207 crore a year earlier.
• Life Insurance Corporation of India (LIC) continued to dominate the market, with its first-year premium increasing 19.3% to ₹1.44 lakh crore during the six-month period.
• SBI Life’s first-year premium rose to ₹20,255 crore from ₹18,342 crore, while HDFC Life recorded an 18.3% increase to ₹19,571 crore.
• ICICI Life’s first-year premium grew 25% to ₹11,821 crore, while Bajaj Life reported a 39.8% increase to ₹8,848 crore.
• Group single premiums rose 24.3% to ₹1.45 lakh crore, while individual non-single premiums increased 12.7% to ₹57,942 crore.
• Individual single premiums grew 16.6% to ₹29,140 crore, while group non-single premiums declined 49.6% to ₹905 crore.