ICICI Prudential Life Sees 6.5% Growth in New Business Premium for October

ICICI Prudential Life Insurance Company has posted encouraging growth figures for October 2025, signaling resilience in India’s life insurance sector. According to data disclosed via NSE filings, the company’s new business premium rose 6.5% year-on-year, while APE—a key metric for evaluating long-term premium sustainability—grew 2.9% over the same period.

Important points:

• New business premium for October 2025 stood at ₹13.24 billion, marking a 6.5% increase compared to October 2024.
• Annualized Premium Equivalent (APE) rose 2.9% year-on-year, indicating stable demand for long-term protection and savings products.
• Growth was driven by strong traction in retail protection and ULIP segments, supported by digital distribution channels.
• The company continues to focus on persistency, customer retention, and balanced product mix to sustain profitability.
• ICICI Prudential remains among the top private life insurers in India, with a robust solvency ratio and expanding market share.

Sources: NSE India Corporate Filings 1, ICICI Prudential Life Insurance Monthly Business Performance Disclosure, Reuters