GUJARAT, AHMEDABAD | 31st DECEMBER 2025 — “The year 2025 saw some landmark customer-centric initiatives that will go a long way in making life insurance a central intervention in the delivery of universal social welfare support. The year started with the change in surrender value norms and continued its developmental path with the GST exemption and the launch of the Bima Sugam portal.
Currently, demand for life insurance is spread across mainly over protection, annuities and savings product. As more households prioritise protection and retirement solutions, we will continue to witness these products providing financial security. Consequently, 2026 may well see insurers innovating to offer better and more robust products.
The next year may see more international players entering the market following the relaxation of the FDI norms. More players entering the market will enable the industry to harness synergy and deliver life insurance solutions more efficiently. The positive regulatory environment, advancement in digital technology and increased consumer awareness will enable sustained and healthy growth in life insurance in 2026.”
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