20/1/2026, 6:08:01 pm

Life Insurance sees initial policy retention dip in Q3FY26

HDFC Life and ICICI Prudential Life insurers faced rising stress in early policy renewals with 13th-month persistency declining, while 61st-month persistency improved, indicating pressure in new business quality. Protection-led growth masked a broader slowdown, with overall APE growth limited to 3.5% YoY. Bancassurance growth weakened for both insurers.