India’s life insurance sector began fiscal year 2025-26 strongly, with new business premiums increasing by 10.8% during April-May, totaling Rs 52,427 crore. May alone saw a 12.6% surge, reaching ₹30,463 crore. Industry growth is attributed to targeting first-time buyers and focusing on essential life cover. LIC, the largest insurer, reported a 10.27% rise in new business premiums for May, collecting Rs 18,405.