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The life insurance industry reported healthy growth in June 2026

ICICIdirect Research 09 Jul 2026 DISCLAIMER

News: As per life insurance council, the life insurance industry reported healthy growth in June 2026, with Individual APE rising 15.8% YoY and Group APE increasing 15.4% YoY. Within private insurers, Individual APE grew 13.6% YoY, while Group APE surged 76.6% YoY, led by strong corporate business. Among major insurers, LIC posted robust 21.0% YoY growth in Individual APE, while Group APE remained largely flat at 0.5% YoY. SBI Life delivered balanced growth with Individual APE up 17.8% YoY and Group APE up 40.2% YoY. In contrast, HDFC Life reported a marginal 0.4% YoY decline in Individual APE, although Group APE remained exceptionally strong with 81.3% YoY growth.

View: Overall premium trends remain healthy, supported by strong demand in the individual protection and savings segments, while group business continues to witness robust traction. SBI Life has maintained broad-based growth, whereas HDFC Life’s weak individual performance is likely to remain a key monitorable despite strong group business. Sustained growth in the higher-margin individual segment will remain the key driver of long-term profitability and valuation for private life insurers.

Impact: Neutral

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