Indian life insurers' monthly premium growth picks up

HDFC Life Insurance

08/09/2026 08:38

Sept 8 (Reuters) - ** Indian life insurers' individual annual premium equivalent (APE) grows 14.3% Y/Y in Aug, accelerating from 8.7% growth in July, according to analysts at Nuvama
** SBI Life's SBIL.NS individual APE grows 21.8% Y/Y, HDFC Life's HDFL.NS rises 17.4%, and ICICI Prudential Life's increases ICIR.NS 11.2%
** LIC's LIFI.NS individual APE grows 12.8% Y/Y, but total APE growth slows to 3% as group APE declines -- Nuvama
** JM Financial says industry's premium growth recovery in August appears to be normalisation following decline in July, with pvt insurers returning to sustainable growth trajectory, although equity-market uncertainty continues to weigh on unit-linked insurance product sales and traditional products face competition from elevated deposit yields
** Brokerage says proposed distribution reforms remain a near-term overhang, but structural demand for protection, guaranteed savings products remains intact
** LIFI, HDFL, ICIR shares flat; SBIL down 1%

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com;))