Endowment life insurance premiums grow in 2026 Q1
In January–March 2026, endowment life insurance (ELI) premiums paid by individuals increased more than 1.5 times year on year to ₽364.4 billion.
People mostly purchased insurance policies for up to one year. Endowment policies guaranteeing income at a level comparable with bank deposit rates accounted for 80%. Slightly less than 50% of single-premium insurance contracts were policies with a premium of over ₽10 million. ELI payouts to customers totalled ₽250.3 billion.
From the beginning of the year, insurers stopped selling investment life insurance (ILI) policies, due to which ILI premiums nearly halved. Premiums under earlier signed ILI contracts allowing top-ups totalled ₽105.9 billion.
Premiums in unit-linked life insurance (ULLI), offered to customers since last year, amounted to ₽16.5 billion. As a result, the segment of non-credit life insurance (ELI, ILI, and ULLI) expanded year on year, but contracted by almost a third quarter on quarter.
Overall, the insurance market increased by 11.4% over January–March 2026. More details on the situation in the market are available in the Review of Key Indicators of Insurers.