ICICI Prudential Life Insurance Company reported a 6.1% year-on-year increase in its new business premium for September 2025, which stood at ₹1,761 crore, according to its monthly business update. On a sequential basis, the premium was slightly lower than ₹1,776 crore recorded in August.
Annualised Premium Equivalent and Sum Assured
The company’s Annualised Premium Equivalent (APE) — a key indicator of new business growth — was ₹871 crore for September, down 1.1% YoY but higher than ₹722 crore in August.
The new business sum assured rose 12.5% YoY to ₹1,098 crore, highlighting strong growth in policy coverage.
During the first half of FY2026, ICICI Prudential’s total new business premium stood at ₹9,456 crore, up 8.7% from the year-ago period, reflecting steady demand for life insurance products.
Share Performance and Historical Context
The company’s shares ended 0.2% higher on Thursday, October 9, although the stock has declined nearly 10% year-to-date.
In the quarter ended June 30, 2025, ICICI Prudential reported a 34% rise in net profit to ₹302.08 crore, compared to ₹225.4 crore a year earlier. The total Annualised Premium Equivalent (APE) for the quarter was ₹1,864 crore, down 5% YoY from ₹1,963 crore.
Summary
ICICI Prudential Life Insurance achieved a 6.1% YoY increase in new business premium in September 2025, with an annualised premium equivalent of ₹871 crore and a 12.5% rise in new business sum assured. While sequential growth was slightly muted, the company continues to demonstrate steady expansion in its life insurance business, supported by strong half-year performance and consistent profitability.
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