People Terminating Policies Before Maturity; Government Data Raises Concerns

Insurance News: According to recent government data, payouts for life insurance policy maturities saw a significant decline in FY26. Find out why people are discontinuing their policies midway and the potential downsides of doing so.

Insurance News: A large number of people in India are now terminating their life insurance policies before maturity. Recent government data reveals that in the last fiscal year, payouts made for surrenders and premature withdrawals exceeded payouts made upon maturity for the first time. People are struggling to maintain their policies; here, you can understand the reasons behind this trend and the associated disadvantages.

What do the figures say?