Life Insurance Corporation of India (LIC) reported a sharp decline in premiums for August 2025, with total collections standing at ₹16,022.77 crore, down from ₹19,309.10 crore in the same month last year — a 17% year-on-year drop.
The fall was led by weakness in Group Single Premiums, which slipped to ₹9,971.17 crore from ₹13,489.37 crore, and Individual Non-Single Premiums, which fell to ₹2,439 crore against ₹2,570.49 crore last year. Meanwhile, Group Non-Single Premiums also plunged nearly 25% YoY.
On a policy basis, LIC issued 14.03 lakh policies in August 2025, down from 16.36 lakh a year earlier, registering a contraction of 13.5% YoY.
This decline reflects overall pressure in the life insurance sector as the industry struggles with muted demand in key segments.
