New Delhi, Sept. 8 -- The Indian life insurance industry is expected to maintain its growth momentum in FY27, with retail annualised premium equivalent (APE) projected to grow 11-12 per cent, according to a report by Emkay Research.

Private life insurers are expected to lead the sector's growth, with retail APE likely to rise 13-14 per cent in FY27. For Life Insurance Corporation of India (LIC), retail APE is projected to grow 7-8 per cent, the brokerage said.

The outlook comes after healthy growth in August, when industry retail APE rose around 14 per cent year-on-year. Private insurers recorded around 15 per cent growth, while LIC grew around 13 per cent, although LIC's growth was supported by a low base.

On a two-year compound annua...