LIC Lapse And Surrender Ratio
2.5%
FY24-25
Life Insurance Corporation of India's lapse and surrender ratio was 2.5468% for FY24-25, as reported in IRDAI form Handbook-Table-27.
What this measures
Percentage of in-force individual policies lapsed or surrendered during the reporting period. Closely related to but not identical to the inverse of persistency ratios. A high lapse rate indicates policyholders are discontinuing coverage.
Note: Derived from L-22 and L-36 data. Some insurers report this directly; others require derivation from policy movement schedules.
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| FY24-25 | 2.5 % | Handbook-Table-27 | 2026-09-19 |
| FY23-24 | 2.2 % | Handbook-Table-27 | 2026-09-19 |
| FY22-23 | 2.6 % | Handbook-Table-27 | 2026-09-19 |
| FY21-22 | 2.5 % | Handbook-Table-27 | 2026-09-19 |
| FY20-21 | 2.7 % | Handbook-Table-27 | 2026-09-19 |
| FY19-20 | 2.6 % | Handbook-Table-27 | 2026-09-19 |
Provenance
- Reported by
- LIC
- Regulatory form
- Handbook-Table-27 · what this form contains
- Reporting period
- FY24-25
- Source document
- IRDAI Handbook Table 27 · LIC's disclosure page
- Last verified
- 2026-09-19