Life Insurance Industry Spotlight March 2025

The FSC gathers industry data on Life Insurance and publishes quarterly spotlights for the sector.

This spotlight is a quarterly snapshot for Life Insurance as at 31 March 2025.

Key insights and trends include:

• March 2025 shows the highest number of covers in more than five years with 1.8% growth year-on-year.
  
• Claims are the lowest since March 2023 with this quarter's reduction driven by an overall decrease in claims accepted for most products, except for Guaranteed Acceptance.
• The split by gender remains consistent at 60% male and 30% female (10% unknown).
• More than 50% of premiums can be attributed to ages 46 to 65.

Click here for the downloadable version of the March 2025 industry spotlight.