25
Mar
Behind the ₹6.30 lakh crore paid out by India’s life insurers in FY2024-25 lies a deeper story of families funding dreams, securing futures and navigating life’s uncertainties. The IRDAI Annual Report shows how insurance is no longer just about protection, but a vital financial partner across life stages. A significant 92% of payouts went towards living benefits, highlighting how policyholders are increasingly using insurance funds for real-life needs—from children’s education and home ownership to travel and lifestyle goals. Withdrawals and surrenders alone accounted for ₹2.33 lakh crore, up 1.77% year-on-year, reflecting planned use of savings rather than financial distress. Kamlesh…
