• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Monday, August 4, 2025
26 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    5th Test: Rain brings early end to riveting day four, sets stage for thrilling day five

    5th Test: Rain brings early end to riveting day four, sets stage for thrilling day five

    Sohail Khan qualifies for Kudo Asian Championship 2025 after impressive wins at Surat trials

    Sohail Khan qualifies for Kudo Asian Championship 2025 after impressive wins at Surat trials

    Rafael Camara seals 2025 Formula 3 Championship with dominant victory

    Rafael Camara seals 2025 Formula 3 Championship with dominant victory

    Holder’s heroics helps WI level series vs Pak

    Holder’s heroics helps WI level series vs Pak

    Popyrin rallies to upset Rune as Canadian Open title defense remains alive

    Popyrin rallies to upset Rune as Canadian Open title defense remains alive

    5th Ind vs Eng Test: Yorker Magic from Siraj Ends Day After Jaiswal’s Masterclass

    5th Ind vs Eng Test: Yorker Magic from Siraj Ends Day After Jaiswal’s Masterclass

    Maha CM Fadnavis felicitates Chess World Cup winner Divya Deshmukh; awards 3 cr cash reward

    Maha CM Fadnavis felicitates Chess World Cup winner Divya Deshmukh; awards 3 cr cash reward

    Macau Open: India's campaign ends with Lakshya, Mannepalli's SF loss

    Macau Open: India's campaign ends with Lakshya, Mannepalli's SF loss

    5th Test: Key will be how Gill bats, India can push for a lead of over 300, says Aaron

    5th Test: Key will be how Gill bats, India can push for a lead of over 300, says Aaron

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    5th Test: Rain brings early end to riveting day four, sets stage for thrilling day five

    5th Test: Rain brings early end to riveting day four, sets stage for thrilling day five

    Sohail Khan qualifies for Kudo Asian Championship 2025 after impressive wins at Surat trials

    Sohail Khan qualifies for Kudo Asian Championship 2025 after impressive wins at Surat trials

    Rafael Camara seals 2025 Formula 3 Championship with dominant victory

    Rafael Camara seals 2025 Formula 3 Championship with dominant victory

    Holder’s heroics helps WI level series vs Pak

    Holder’s heroics helps WI level series vs Pak

    Popyrin rallies to upset Rune as Canadian Open title defense remains alive

    Popyrin rallies to upset Rune as Canadian Open title defense remains alive

    5th Ind vs Eng Test: Yorker Magic from Siraj Ends Day After Jaiswal’s Masterclass

    5th Ind vs Eng Test: Yorker Magic from Siraj Ends Day After Jaiswal’s Masterclass

    Maha CM Fadnavis felicitates Chess World Cup winner Divya Deshmukh; awards 3 cr cash reward

    Maha CM Fadnavis felicitates Chess World Cup winner Divya Deshmukh; awards 3 cr cash reward

    Macau Open: India's campaign ends with Lakshya, Mannepalli's SF loss

    Macau Open: India's campaign ends with Lakshya, Mannepalli's SF loss

    5th Test: Key will be how Gill bats, India can push for a lead of over 300, says Aaron

    5th Test: Key will be how Gill bats, India can push for a lead of over 300, says Aaron

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
Home Business

India’s life insurance industry to grow at 10-12 pc over 3-5 years

IANS by IANS
July 12, 2025
in Business
India’s life insurance industry to grow at 10-12 pc over 3-5 years
32
VIEWS
Share on FacebookShare on Twitter

New Delhi, July 12 The Indian life insurance industry registered new business premiums of Rs 41,117.1 crore in June amid the ongoing impact of the revised surrender value regulations, lower credit life sales, and group single premiums, according to a new report.

ADVERTISEMENT

CareEdge Ratings expects the life insurance industry to continue to grow at 10 per cent-12 per cent over a three-to-five-year horizon, driven by product innovation along with supportive regulations, rapid digitalisation, effective distribution, and improving customer services, Agarwal mentioned.

In June, the annual premium equivalent (APE) rose by 2.5 per cent, a slower growth rate compared to the 20.0 per cent increase in the same period last year.

In APE terms, the industry grew at an 11.0 per cent compounded annual growth rate (CAGR) between June 2023 and June 2025. During this period, private insurers grew at 15.4 per cent, according to the report.

“The first quarter is typically a slow period for the life insurance sector, as it follows the fiscal year-end when most retail customers have already purchased policies in a last-minute rush,” said Saurabh Bhalerao, Associate Director, CareEdge Ratings.

ADVERTISEMENT

In Q1 FY26, the quarter-on-quarter growth has increased by 4.3 per cent compared to 22.9 per cent growth in the same quarter a year ago, mainly because of muted consumer demand and the impact of revised surrender value guidelines, which were effective October 1, 2024.

LIC and private players reported a premium growth in individual single and non-single premiums, indicating that they have a strong distribution channel and moved to higher value policies amid changes in surrender value regulations, Bhalerao added.

Individual and yearly group business has driven growth for the month. There is likely to be an increased emphasis on the agency channel, spurred by banks’ focus on deposit gathering.

“Furthermore, the proposed Insurance Amendment Act aims to enhance market penetration by encouraging new companies to enter the market,” said Sanjay Agarwal, Senior Director, CareEdge Ratings.

A gradual recovery is expected in FY26, driven in part by private insurers expanding their reach through deeper geographical penetration, in conjunction with the launch of the Bima Trinity.

(Auto generated news from IANS Feed. This has not been edited by enewstime desk)

Related Posts

ITR Filing 2025: Key rules, deductions when choosing between new and old tax regimes
Business

ITR Filing 2025: Key rules, deductions when choosing between new and old tax regimes

August 3, 2025
Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more
Business

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

August 3, 2025
BSNL, Numaligarh Refinery ink pact for secure 5G captive network
Business

BSNL, Numaligarh Refinery ink pact for secure 5G captive network

August 3, 2025
Foreign buying of S. Korean stocks hits 17-month high in July
Business

Foreign buying of S. Korean stocks hits 17-month high in July

August 3, 2025
NFDC launches free residential VFX, animation training for Northeast youth
Business

NFDC launches free residential VFX, animation training for Northeast youth

August 2, 2025
Comet browser to fully replace recruiters, admin assistants: Perplexity AI CEO
Business

Comet browser to fully replace recruiters, admin assistants: Perplexity AI CEO

August 2, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

5th Test: Rain brings early end to riveting day four, sets stage for thrilling day five

Tripura: 3-Day Children’s Culture-Science Festival Concludes

State’s First International Cricket Stadium to Be Ready by Dec: Tripura CM

Tripura News Capsule: Drowning; Nathyogi Forum; Vidya Bharati

League Football Heats Up : Lalbahadur Defeat Bloodmouth

Elephant Tusks Seized at Unakoti in Tripura, Suspect on the Run

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
    • Old Archive

© 2025 Designed & Developed with ❤️ by Provibe Media LLP