Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%

Surrender and withdrawals as a share of total benefits paid by life insurers rose to 39% in 2025-26, up from 32% in 2021-22. Minister Pankaj Chaudhary said this trend overtook maturity benefits. Many factors like product suitability and affordability influenced this shift, prompting the regulator to monitor the sector for stability.