Mumbai: ICICI Prudential Life Insurance Co Ltd on Saturday reported stable business momentum in December 2025, supported by growth in retail premiums and sum assured, even as overall new business premium growth showed month-on-month volatility amid a challenging demand environment.
According to the company’s monthly business update filed with stock exchanges, retail weighted received premium (RWRP) for December stood at ₹7.93 billion, marking a 13.2% year-on-year increase. On a sequential basis, RWRP rose from ₹6.50 billion in November. For the third quarter of FY26, retail weighted received premium aggregated ₹20.43 billion, up 9.3% year-on-year.
Annualised premium equivalent (APE), a key industry metric, rose 7.3% year-on-year in December to ₹9.29 billion. Retail APE grew 4.3% year-on-year during the month, aided by higher traction in individual protection and savings products. For the first nine months of FY26, APE stood at ₹68.11 billion, though this represented a marginal 1.4% decline compared with the year-ago period.
New business premium (NBP) for December came in at ₹19.45 billion, up 25.1% year-on-year, reversing a sharp contraction seen in November. For Q3 FY26, NBP totalled ₹56.34 billion, though it was down 12.5% year-on-year, reflecting uneven monthly trends.
The insurer continued to report strong growth in protection-linked metrics. New business sum assured increased 10.7% year-on-year in December to ₹1.18 trillion, while Q3 FY26 sum assured rose 15.5% year-on-year to ₹3.39 trillion. For the nine months ended December 2025, new business sum assured expanded 18.1% year-on-year to over ₹10.16 trillion.
The company said the performance update has been uploaded on its website and shared with stock exchanges in compliance with disclosure norms.