Chennai, Nov. 11 -- The Indian life insurance industry reported an impressive performance, with retail annualised premium equivalent (APE) growing about 19 percent YoY in October 2025.
The growth is despite the festivities of Diwali in Oct-25, driven by GST rate exemption benefits and a favourable base effect, said Emkay Global Financial Services Ltd in a report.
With growth expected to pick up in H2FY26, Emkay Global expects the industry to log about 9-10 percent retail APE growth in FY26, backed by private sector growth of about 11-12 percent and LIC likely growing about 4-5 percent, the report said.
Asian life insurance major Life Insurance Corporation of India (LIC) last month clocked in a strong about 28 percent retail APE growth, w...