new delhi new business premiums of life insurance companies saw a 4 per cent rise to rs 1385444 crore in july 2016 as against rs 1331997crore premium collected in the same month last year staterun life insurance corporations lic new business premium was the highest at rs 1073792 crore up 3 per cent from rs 10421 crore in july 2015 according to the data collected by sector regulator irdai the insurance regulatory and development authority irdai data comprises a total of 24 firms including lic countrys largest life insurance company new business generated by the remaining 23 companies rose by 75 per cent yearonyear to rs 311652 crore in july this year against rs 289897 crore a year ago the data showed among private players sbi life registered the highest premium from new business at rs 67654 crore a jump of 36 per cent from rs 49708 crore last year hdfc standard life new business was up by 17 per cent at rs 52143 crore as against rs 44554 crore icici prudential lifes new business was up 165 per cent at rs 56559 crore from rs 48550 crore last year further new business premiums of max life stood at rs 21739 crore from rs 18578 crore last year and kotak mahindra old mutual life reported new business premiums of of rs 15725 crore as against rs 12834 crore july 2015 the private life insurers registering fall in their new business during the month include canara hsbc obc life rs 5706 crore rs 9540 crore sahara life rs 227 crore rs 149 crore aviva life rs 1310 crore rs 2009 crore reliance life rs 6223 crore rs 12587 crore and bajaj allianz life rs 15005 crore rs 18232 crore also witnessed fall in their new business in july it said during apriljuly period of current fiscal new business premium by all the 24 life insurers rose by 227 per cent at rs 45247 crore as against rs 3688811 crore in the same period of the preceding fiscal the data added