ICICI Prudential Life Insurance reported a 9.3% year-on-year growth in its new business premium for August 2025, reaching ₹1,776.26 crore, compared to ₹1,509.12 crore in the same month last year.
However, retail weighted received premium declined 13.1% YoY, reflecting pressure in individual non-single premium collections, which dropped to ₹576.75 crore from ₹663.75 crore in August 2024.
On the positive side, individual single premiums grew 17.9% YoY, while yearly renewable group premiums surged over 80% YoY. Group single premiums fell slightly by 4.8% YoY.
In terms of policies and schemes, ICICI Prudential issued 47,481 policies in August 2025, down from 56,242 a year ago, registering a decline of 15.6% YoY.
