New Delhi, Aug 11
The life insurance industry reported “satisfactory” business growth with 10 per cent retail annual premium equivalent (APE) growth in July 2025, a report said on Monday.
The private life insurance companies grew 14 per cent and LIC's retail APE grew at a flat 0.4 per cent, according to a report from Emkay Global Financial Services Ltd.
The annual premium equivalent is the total value of regular or recurring premiums plus 10 per cent of new single premiums written in the period.
Retail APE rose 6.4 per cent this year, with private sector growth at 10 per cent. The month of July saw a 14 per cent growth for the industry on a 2-year CAGR.
"Considering the high base of H1FY25 and the impact of the new surrender regulations, the industry is expected to maintain its subdued growth trajectory in H1FY26," the report said.