Insurers' new biz premiums up in May, policy sales fall

India's life insurance sector experienced a nearly 13% surge in new business premiums in May 2025, reaching ₹30,463 crore, driven primarily by private insurers. However, policy sales declined by 10.4% due to the new surrender value guidelines. Group business led the growth, while individual segments saw muted performance, with private insurers shifting towards higher-value policies.