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Life insurers record 16% premium growth as GST relief reshapes product demand
Economy
Published on 24 April 2026
New business jumped to ₹4.59 lakh crore
India’s life insurance industry saw new business premiums rise 16% to ₹4.59 lakh crore in FY26. Analysts attribute the jump to GST relief benefits, increased demand for regular premium policies, and a deliberate tilt toward higher-margin protection and long-term savings products. The shift signals insurers are optimizing both growth and profitability as customer preferences evolve.
- FY26 new business premiums grew 16% to ₹4.59 lakh crore
- GST exemption benefits boosted demand for life cover
- Insurers are leaning more toward protection and long-term savings
- Regular premium policies are seeing stronger pull
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times