Factuary

LIC Insurance Data

lifeIRDAI Reg. 512

India's state-owned life insurance corporation and largest insurer by premium. Accounts for the majority of India's total life insurance market by premium volume.

HQ: Mumbai
Founded: 1956
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IRDAI Disclosures ↗
Part of the public sector insurer group.Compare all four public sector insurers →

LIC is a life insurance company licensed by IRDAI (registration number 512). Its solvency ratio of 2.42× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 4th among 25 life insurers. The company reported gross written premium of ₹488849 crore in FY25-03, ranking 1st by premium among 25 life insurers. Its claims settlement ratio of 92.9% in Q1 FY26-27, placing it 10th among 10 life insurers with available data. Its 13th-month premium persistency ratio was 70.4% in Q1 FY26-27.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹4,88,849 croreFY25-03Handbook-Table-2-40

Solvency

solvency ratio2.42×Q1 FY26-27L-22-ANALYTICAL-RATIOS

Claim Settlement

claim settlement ratio92.9%Q1 FY26-27L-40-CLAIMS-DATA

Persistency

49th month persistency ratio61.8%Q1 FY26-27L-22-ANALYTICAL-RATIOS
37th month persistency ratio62.6%Q1 FY26-27L-22-ANALYTICAL-RATIOS
25th month persistency ratio66.0%Q1 FY26-27L-22-ANALYTICAL-RATIOS
13th month persistency ratio70.4%Q1 FY26-27L-22-ANALYTICAL-RATIOS
61st month persistency ratio61.3%Q1 FY26-27L-22-ANALYTICAL-RATIOS
25th month persistency by policy count57.5%FY23-24Handbook-Table-28
37th month persistency by policy count52.5%FY23-24Handbook-Table-28
13th month persistency by policy count67.0%FY23-24Handbook-Table-28
49th month persistency by policy count53.2%FY23-24Handbook-Table-28
61st month persistency by policy count48.6%FY23-24Handbook-Table-28

Financial Position

net worth₹1,26,188 croreFY24-25Handbook-Table-26

Business Volume

new individual policies issued1,77,82,975FY24-25Handbook-Table-9

Distribution by Channel

Brokers policies4,483FY24-25Handbook-Table-100
CSCs premium₹86.35 croreFY24-25Handbook-Table-100
Brokers premium₹144.34 croreFY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100
Corp. Agents (Other) policies20,294FY24-25Handbook-Table-100
IMF premium₹537.68 croreFY24-25Handbook-Table-100
MI Agents premium₹109.11 croreFY24-25Handbook-Table-100
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-100
Corp. Agents (Other) premium₹41.88 croreFY24-25Handbook-Table-100
Bank Channel premium₹2,576.74 croreFY24-25Handbook-Table-100
MI Agents policies1,78,556FY24-25Handbook-Table-100
POS premium₹0.19 croreFY24-25Handbook-Table-100
Direct policies0FY24-25Handbook-Table-100
POS policies76FY24-25Handbook-Table-100
Online policies8,748FY24-25Handbook-Table-100
Individual Agents policies1,73,58,647FY24-25Handbook-Table-100
Referrals policies0FY24-25Handbook-Table-100
IMF policies14,485FY24-25Handbook-Table-100
Individual Agents premium₹58,576.00 croreFY24-25Handbook-Table-100
CSCs policies72,383FY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
Direct premium₹0.00 croreFY24-25Handbook-Table-100
Referrals premium₹0.00 croreFY24-25Handbook-Table-100
Web Agg. policies0FY24-25Handbook-Table-100
Online premium₹332.31 croreFY24-25Handbook-Table-100
Bank Channel policies1,25,303FY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio2.5%FY24-25Handbook-Table-27

Other Claims

claims repudiation ratio1.16%Q1 FY26-27L-40-CLAIMS-DATA
claims paid within 1 month97.1%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.6%FY24-25Handbook-Table-18
claims settled in 1 to 3 months2.1%FY24-25Handbook-Table-18
claims settled in 6 to 12 months0.1%FY24-25Handbook-Table-18
claims settled after 1 year0.1%FY24-25Handbook-Table-18

Other

Brokers schemes964FY24-25Handbook-Table-102
MI Agents premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) schemes1,135FY24-25Handbook-Table-102
IMF lives0FY24-25Handbook-Table-102
IMF schemes0FY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
Online premium₹0.00 croreFY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
Brokers lives47,78,580FY24-25Handbook-Table-102
MI Agents lives0FY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
IMF premium₹0.00 croreFY24-25Handbook-Table-102
Individual Agents premium₹3,395.96 croreFY24-25Handbook-Table-102
Corp. Agents (Other) premium₹24.57 croreFY24-25Handbook-Table-102
MI Agents schemes0FY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Direct premium₹1,60,294.22 croreFY24-25Handbook-Table-102
Individual Agents lives33,51,741FY24-25Handbook-Table-102
Corp. Agents (Other) lives9,36,670FY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Bank Channel schemes267FY24-25Handbook-Table-102
Bank Channel premium₹159.97 croreFY24-25Handbook-Table-102
Brokers premium₹390.58 croreFY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
Bank Channel lives2,68,569FY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
Direct schemes25,210FY24-25Handbook-Table-102
Individual Agents schemes4,692FY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
Direct lives3,68,27,993FY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
ULIP commission paid₹417.25 croreFY24-25Handbook-Table-13
traditional plan commission paid₹24,891.51 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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