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flag India’s life insurance sector grew 23% in November 2025, driven by strong demand and policy incentives.

flag India’s life insurance sector rebounded in November 2025 with new business premiums rising 23% year-on-year to ₹31,119.6 crore, marking three consecutive months of double-digit growth. flag Strong performance in individual and group insurance, especially a 29.4% surge in single-premium business and a 26.4% increase in individual non-single premiums, drove the recovery. flag The growth was supported by a favorable base effect and the government’s GST waiver on individual life policies, boosting consumer demand. flag LIC led the rebound, while private insurers also showed robust growth. flag Despite a slight dip in group policy renewals, overall industry momentum remained positive, reflecting improved distribution and renewed customer participation.

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