 "Life insurance")
The number of life insurance policies sold in the first quarter of 2025-26 (Q1FY26) dropped 10.11 per cent year-on-year (Y-o-Y) to 4.8 million from 5.37 million in Q1FY25, on account of muted demand and the life insurance industry adjusting to new surrender value norms. While state-owned Life Insurance Corporation (LIC) of India has seen a sharp decline in policies sold, private players have seen a marginal fall during this period.
Industry insiders pointed out that slowdown in credit life policies, due to subdued credit demand in the system, has also contributed to the drop in sale of life insurance policies.
