2
India’s life insurance sector experienced a decline in first-year premiums, which fell by 11.6% year-on-year (YoY) in February 2025, according to data from the Insurance Regulatory and Development Authority of India (IRDAI).
However, on a year-to-date (YTD) basis, first-year premiums showed a modest increase, rising by 5.71% compared to the same period last year.
Advertisements
Advertisements
The number of policies and schemes issued in February also saw a significant decline, dropping by 22.22% YoY. In the YTD comparison, the number of policies decreased by 4.77% YoY.
Advertisements
In terms of sum assured, there was a slight increase of 0.88% YoY for the month, with a more substantial growth of 16.22% YTD.
Related topics
Advertisements
