Life insurers report 18% rise in new business premium in February 2026

Life Insurance Council in its latest data, has shown that life insurers posted 18.11% year-on-year (Y-o-Y) rise in new business premium (NBP) in February 2026 at ₹35417.27 crore as compared to ₹29985.58 crore in the year-ago period. Out of which, the private insurers’ premium increased by 11.60% Y-o-Y to ₹16150.25 crore in February 2026 from ₹14471.62 crore. On the other hand, Life Insurance Corporation of India’s premium increased 24.19% to ₹19267.02 crore in February 2026 from ₹15513.95 crore in February 2025.

Of the total premium collected by life insurance companies in February 2026, individual single premiums stood at ₹4936.90 crore as against ₹4300.94 crore in February 2025, i.e. up by 14.79%. Individual Non-Single premium surged 21.16% to ₹10824.30 crore in February 2026 as compared to ₹8933.99 crore in February 2025.

Group Single Premium stood at ₹17729.04 crore in February 2026. Group Non-Single Premium stood at ₹283.98 crore in February 2026 and Group Yearly Renewable Premium increased to ₹1643.05 crore in February 2026.

Among the private insurance companies, SBI Life Insurance Company reported 28.61% Y-o-Y growth in premiums to ₹2796.66 crore in February 2026. consequently the shares of SBI Life Insurance Company rallied over 2% on Tuesday. ICICI Prudential Life Insurance Company’s premium rose by 15.68% Y-o-Y at ₹2148.30 crore in February 2026. TATA AIA Life Insurance Company reported 38.05% Y-o-Y growth in premiums to ₹1223.52 crore in February 2026.

Kotak Mahindra Life Insurance Company reported 35.78% Y-o-Y growth in premiums to ₹1006.92 crore in February 2026. On the other hand, HDFC Life Insurance Company’s premium fell by 2.61% Y-o-Y at ₹3129.75 crore in February 2026 as compared to ₹3213.76 crore in February 2025.