The Central Bank of Russia has published its review of insurers’ key indicators for January to March 2026, showing that premiums paid by individuals for endowment life insurance rose by more than 1.5 times year on year to RUB 364.4 billion. The increase supported growth in the non-credit life insurance segment, although that segment still contracted by almost one third quarter on quarter. Across the market as a whole, insurance premiums increased by 11.4% over the period. Most endowment life insurance policies sold had a term of up to one year, and 80% were policies guaranteeing income at a level comparable with bank deposit rates. Slightly less than half of single-premium contracts had premiums above RUB 10 million, while endowment life insurance payouts totalled RUB 250.3 billion. From the start of the year, insurers stopped selling investment life insurance policies, which led investment life premiums to nearly halve, although premiums under earlier contracts that allowed top-ups still reached RUB 105.9 billion. Unit-linked life insurance, introduced last year, generated RUB 16.5 billion in premiums.
Central Bank of Russia2026-06-01
Central Bank of Russia publishes insurer review showing endowment life insurance premiums rose to RUB 364.4 billion
The Central Bank of Russia reported that individual endowment life insurance premiums rose more than 1.5 times year on year to RUB 364.4 billion in January–March 2026, driving an 11.4% increase in total insurance premiums despite a near one-third contraction in non-credit life insurance. Most endowment policies had terms of up to one year and deposit-like guaranteed income, with payouts of RUB 250.3 billion and almost half of single-premium contracts exceeding RUB 10 million. Insurers stopped selling investment life insurance, causing related premiums to almost halve to RUB 105.9 billion, while newly introduced unit-linked life insurance generated RUB 16.5 billion in premiums.