LIC helps life insurers log robust new biz premium growth in April

India's life insurance sector experienced an 8.43% surge in new business premiums in April 2025, reaching ₹21,965 crore, fueled primarily by LIC's strong performance. Private insurers collectively grew by 6%, with HDFC Life leading among listed players with a significant 23.37% premium jump. Industry experts anticipate traditional savings products will gain traction amid softening interest rates and volatile equity markets.