New Delhi, July 10 -- India's life insurance industry started FY27 on a strong note, with new business premiums (NBP) increasing 16.6 per cent year-on-year in the April-June quarter, according to a CareEdge Ratings BFSI research report. The growth was driven by strong performance from private insurers, steady demand for retail products, and a recovery in group business.

The report said the industry's new business premiums reached Rs 1.09 lakh crore in Q1FY27, while private insurers continued to outpace the overall market, strengthening their market share to nearly 40 per cent.

"India's life insurance industry reported a strong start to FY27, with New Business Premiums (NBP) increasing 16.6% year-on-year (y-o-y) in Q1FY27, reflecting sus...