India’s Life Insurers Pay ₹6.30 Lakh Crore in Benefits in FY25 To Emerge as A Pillar of Household Financial Security - Insurance Awareness Committee (IAC-Life)
Vijayawada, March 26, 2026: India’s life insurance sector continues to play a crucial role in protecting families and supporting long-term financial planning. According to the latest IRDAI Annual Report 2024-25, life insurers paid ₹6.30 lakh crore in total benefits during FY25. The figure testifies to the level of support that the life insurance industry provides to Indian households across life stages from protection to retirement and wealth creation. “The operational level of India’s life insurers, as evident from the key statistics of persistency, benefit payouts and the solvency thresholds underscore life insurance’s role as a household wealth reservoir that provides both liquidity and longterm stability. The fact that 92% of payouts have been toward living benefits highlights the industry's role not just as a protection provider but as a long-term financial partner that ensures financial continuity for families. Through our campaigns, we will continue to make people aware o...