Welfare Vs. Growth
Across India’s states, cash transfer schemes have become among the most powerful instruments of electoral politics.
The Life Insurance Council has reported strong performance by India’s life insurance sector in September 2025, with new business premiums (NBPs) recording a year-on-year growth of 14.81%. Total NBPs rose to Rs 40,206.67 crore in September 2025, compared to Rs 35,020.28 crore in the same month last year.
On a year-to-date (YTD) basis, the industry reported a 7.64% increase, with collections climbing from Rs 1,89,214.04 crore in 2024 to Rs 2,03,668.19 crore this year.
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According to the Life Insurance Council, individual single premiums for September 2025 stood at Rs 4,515.78 crore, reflecting a YTD growth of 4.99%, while individual non-single premiums reached Rs 10,837.11 crore, marking a YTD increase of 2.16%.
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In the group policy segment, performance remained particularly strong. Group single premiums surged 32.39%, with monthly collections of Rs 22,574.81 crore. Overall, the group policy category recorded a 35.23% year-on-year growth in September 2025.
The Council noted that the life insurance industry’s continued growth is being driven by expanding access to insurance and deepening penetration in previously underserved regions. Supporting this expansion, insurers have added over 5.39 lakh new individual life insurance agents, reflecting a 3.71% growth in the cumulative agent base.
Industry experts believe that this sustained agent expansion, coupled with accelerated digitisation initiatives, will further enhance insurance penetration and support the sector’s momentum through FY25 and beyond.
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