Private life insurers outpace LIC in new business premium growth

Private life insurers posted a 27.5% YoY jump in new business premium to ₹43,522 crore versus LIC's 10.3% growth to ₹65,548 crore in Q1, though LIC still accounts for nearly 60% of industry NBP. Among listed players, SBI Life led with 22.6% growth to ₹8,905 crore, followed by ICICI Prudential Life at 21.3% to ₹4,866 crore and HDFC Life at 12.6% to ₹8,432 crore. The divergence comes ahead of upcoming regulatory changes including new accounting and capital frameworks over the next two years.