The invention discloses an insecticidal composition that is composed of 1-(3-fluoro-4-chlorophenyl)-2-(methylthio) ethyl ketoxime-O-(2-methyl-biphenyl-3-methyl) ether and dicyclanil as active ingredients, wherein the mass ratio of 1-(3-fluoro-4-chlorophenyl)-2-(methylthio) ethyl ketoxime-O-(2-methyl-biphenyl-3-methyl) ether to dicyclanil is (1-35): (1-35); the total weight of the active ingredients accounts for 1%-90% of that of the composition; and the dosage forms include wettable powders, water dispersible granules, suspensions, emulsions in water (EW), and microcapsule suspensions. The insecticidal composition containing 1-(3-fluoro-4-chlorophenyl)-2-(methylthio) ethyl ketoxime-O-(2-methyl-biphenyl-3-methyl) ether and dicyclanil has excellent control effect on lepidopterous and homopterous pests, including helicoverpa assulta, cotton boll weevil, brown plant-hopper, nephotettix cincticeps and the like, on crops, including cotton, corn, rice, vegetable and the like. The insecticidal composition has the advantages of significant synergism, reduction in dosage and cost, delay in resistance, expansion in insecticidal spectrum, and increase in application scope, and is applicable to controlling lepidopterous and homopterous pests, including helicoverpa assulta, cotton boll weevil, brown plant-hopper, nephotettix cincticeps and the like, on crops, including cotton, corn, rice, vegetable and the like.