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India’s life insurance first-year premiums fall 11.6% in February
Meanwhile, number of policies and schemes for the month dipped by 22.22% YoY.
The Indian life insurance sector’s first-year premiums contracted by 11.58% year-on-year (YoY) in February 2025, data from the Insurance Regulatory and Development Authority of India showed.
On a year-to-date (YTD) basis, first-year premiums climbed by 5.71% YoY.
Meanwhile, the number of policies and schemes for the month dipped by 22.22% YoY. Similarly, YTD, it fell by 4.77% YoY.
In terms of sum assured, the month saw a marginal increase of 0.88% YoY whilst a 16.22% increase YTD.
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