In November, insurers noticed a major rebound in single-premium enterprise, which grew 29.4% on-year, after a 19.8% decline the earlier yr. This restoration primarily displays the normalisation of demand following the bottom impact from the implementation of the surrender-value regulation in late 2024, in addition to extra beneficial positioning of particular person single-premium plans.
In the meantime, non-single premiums grew modestly by 14.3% on-year, attributable to a decline in group renewals, regardless of market choice for particular person non-single merchandise following GST waiver.
Personal insurers notably strengthened their place within the particular person non-single section, whereas LIC maintained its dominance in single-premium enterprise, supported by its energy in group enterprise choices, stated Agarwal.
Particular person life premiums surged 26.4% on-year, rebounding sharply from only a 7.7% enhance a yr earlier, pushed primarily by robust development within the particular person non-single section, the place personal insurers continued gaining market share.
Group premiums additionally elevated by 20%, recovering from a low base, in contrast with a 13.1% decline within the earlier yr. In the meantime, the proportion of single-premium enterprise in whole collections eased barely, falling from round 70% in FY25 to 68% in to date in FY26, indicating a gradual shift in the direction of non-single-premium merchandise.
Particular person non-single insurance policies additionally elevated by 48.5% on-year, reversing a 27.2% decline in the identical month of the earlier yr, primarily pushed by LIC, which noticed a 69.8% rise, reflecting a low base impact, whereas personal insurers achieved a wholesome 22.8% development.
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