India's Average Life Insurance Premium Rises 42.6% in Five Years

People in India are buying more life insurance, and they are paying more for it.

Life insurance is money paid to your family if something bad happens to you.

Over the last five years, the average amount people pay each year for their policies went up by about 42 percent.

In 2021, people paid about 15,567 rupees on average, and by 2025 that number grew to 22,195 rupees.

More people are choosing policies that pay out bigger amounts of money.

The number of very big policies, worth more than 50 lakh rupees, grew by 68 percent.

This shows that families want to protect themselves better as their lives change.

The data comes from the Insurance Information Bureau of India, which tracks insurance numbers.

People are earning more and learning more about insurance, and big events like the Covid-19 pandemic made many families think about protection.

Still, many people in India, especially younger adults, do not have enough insurance coverage yet.