India’s life insurance industry saw a decrease in new business premiums in June 2025, with total collections decreasing 3.1% YoY to INR 4,11,171 Mn, compared to INR 4,24,337Mn in June 2024. The Life Insurance Corporation of India (LIC) reported a 14.7% YoY decrease in number of policies sold. The decline reflects industry-wide challenges, includingregulatory changes, economic conditions, and shifting consumer preferences. Insurers are focusing on expanding distribution channels and introducing new products.