The individual APE market share for private insurers has increased significantly to 68.9% for FY25TD, marking a substantial gain largely due to LIC's performance in November 2024. Among private insurers, ICICI Prudential Life Insurance Company Ltd and HDFC Life Insurance Company Ltd have made notable strides in expanding their market shares. Furthermore, private insurers have demonstrated resilience, achieving a five-year compound annual growth rate (CAGR) of 14.1% in individual APE, according to Nuvama.