In April 2024, private insurers sold 4.6 lakh policies, while LIC sold 8.6 lakh schemes. The first-year premium for private insurers grew by 16.4% YoY to Rs 7,861.1 crore. Meanwhile, LIC's first-year premium increased to Rs 12,383.6 crore, with its market share rising by 14.9 percentage points YoY.