Indian life insurers poised for sustained growth after May premium surge

Icici Prudential Life Insurance

10/06/2026 06:55

** Shares of Indian life insurers rise after industry retail annualized premium equivalent (APE), a key measure of new business for insurers rose 13.3% y/y during May 2026 
** Antique Stock Broking expects private insurers to sustain mid-teens growth in retail APE over the medium term led by higher growth in protection and annuities
** HDFC Life Insurance HDFL.NS, ICICI Prudential Life ICIR.NS Insurance up 0.48% and 0.33%, respectively 
** SBI Life Insurance Co SBIL.NS trades flat 
** Axis Max Life outperformed private peers in May, Jefferies says, while industry trends showed steady demand and stable policy sales
** YTD, HDFL and ICIR down 24% and 28%, respectively while SBIL falls 13% 

 (Reporting by Urvi Dugar in Bengaluru)
 ((UrviManoj.Dugar@thomsonreuters.com;))