ICICI Life Insurance reported first year premium of ₹27.01 billion in September, a 53.4% rise compared to the same period last year. The company also disclosed its performance update for the second quarter of FY27.

Premium performance highlights

The following table summarises the key metrics reported for the period:

The 53.4% YoY growth in first year premium signals a marked acceleration in new business acquisition during September. First year premium is a key indicator of fresh policy sales and reflects the volume of new business written by a life insurer in a given period.

Quarterly and half-yearly trends

For the half-year ended September 2026 (H1FY27), the company recorded new business premium of ₹118.21 billion, registering a 25.0% YoY growth. Annualised Premium Equivalent (APE) for the same period stood at ₹49.35 billion, up 15.1% YoY. Retail Weighted Received Premium (RWRP) grew 9.7% YoY to ₹36.02 billion.

In the second quarter of FY27 (July-September), the company saw mixed monthly performances. While August showed robust growth with NB premium rising 10.0% and Retail APE jumping 24.5%, September’s retail segment contracted slightly with Retail APE falling 1.8% YoY despite the overall NB premium surge.

What the Numbers Show

A divergence is visible between the sharp rise in total new business premium and the modest growth in RWRP. While NB premium surged 53.4% in September, RWRP grew only 1.5%. This suggests that the growth in new business was driven by single-premium products or products with lower weighting factors, rather than regular premium streams which contribute more heavily to RWRP. Additionally, Retail APE declined 1.8% YoY in September, indicating that while total new business volume increased, the annualised value of retail policies sold decreased slightly.

ICICI Prudential Life Insurance Company Ltd , now operating as ICICI Life Insurance Limited, will host an earnings conference call on Tuesday, October 13, 2026, at 3:30 pm IST. The call is scheduled to discuss the company's performance for the first half of fiscal year 2027 (H1FY27).

The disclosure was made under Regulation 30 read with Para A of Part A of Schedule III and Regulation 46(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Priya Nair, Company Secretary.

Call access details

Participants can register via the provided link to receive dial-in numbers and passcodes directly to their email. Alternatively, dial-in numbers with operator assistance are available for Indian and international participants.

Overseas participants will be routed through a Conference Executive and must mention the event name 'ICICI Life Insurance H1-FY2027 Earnings Call'.

Post-call disclosures

The audio recording, video recording (if any), and transcript of the earnings conference call will be posted on the company's website within prescribed regulatory timelines. The company stated it will refer to publicly available documents during the call.