Page 30 - Turkinsurance Digital Magazine

30 pension outlook

Life Insurance Production Exceeded

42 Billion TL in the First Six Months

Life insurance, which produced 23.4 billion TL in premiums in the first half of 2024,
reached 42 billion 89 million TL in premium production in the first half of 2025. The

life branch, which is expected to close the year with significant premium production,

continues its growth. The figures reveal the strong momentum in life insurance.

The life branch—known to have significant penetration in the Looking at the distribution of in-force contracts on a coverage
insurance sector and long recognized as an area needing de- basis (excluding savings premiums), we see that the highest
velopment—failed to maintain the growth momentum of 35% share comes from death benefits, with 22.5 billion TL in premi-
achieved in 2017 and produced 6.9 billion TL in premiums in um production.
2018. In 2019, the branch achieved the strongest growth of re-
cent years, accounting for 16.4% of the total premium produc-
tion of 69.2 billion TL and reaching 11 billion 358 million TL Premium amounts under debt payment
in premium production. The branch reached 14.4 billion TL in insurance (TL)
premium production in 2020, despite the challenging conditions 1.775.459.022 1.118.293.057
brought by the pandemic, achieving a growth rate of 26.87%.
Continuing its growth in 2021, life insurance maintained its 35.408.490
success with 17.7 billion TL in premium production. In 2022,
premium production in the life branch reached 30.8 billion TL.

This production rose to 56.6 billion TL in 2023. In mid-2023,
the branch produced only 13.3 billion TL in premiums, while
in the same period of the following year, premium production
increased to 23.4 billion TL. Premium production is expected to 11.802.265.801
gain strong momentum by year-end.

Excluding savings premiums, total premium production
reached 42 billion TL Credit Card Payment Protection
Income Protection
In the first half of 2025, total premium production in life Credit Payment Protection
insurance—excluding savings premiums—amounted to Other
42,089,453,769 TL.

Premium production in life insurance over the past 5 years (TL)

60.000.000.000 56.692.131.258 54.793.726.039

50.000.000.000
42.089.453.769
40.000.000.000
30.858.298.437
30.000.000.000

20.000.000.000 17.726.737.287
14.411.204.709
10.000.000.000

0
2020 2021 2022 2023 2024 First half of 2025