# Life cover rises as crop and fire insurance premiums fall 2026-08-14T16:02:26+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Indians are buying higher life insurance cover, while crop and fire insurance premiums have fallen sharply, according to data cited by The Economic Times and Mint. Average annual premium per in-force life policy rose 42.6% to Rs 22,195 between FY2021 and FY2025, even as policy numbers stayed near 343 million. Policies with cover above Rs 50 lakh increased 68% to 74 lakh. Mint reports that total non-life premiums rose 9.5% year-on-year to Rs 1.19 trillion in April-July of FY27, helped by health and motor insurance. Crop premiums fell more than two-thirds to Rs 1,183 crore, while fire premiums dropped 28.5% to Rs 10,062 crore. Analysts attributed the declines to scheme changes, discounting and, for crop insurance, enrolment timing. ## Coverage - economictimes.indiatimes.com - livemint.com Tags: Insurance Information Bureau, Pradhan Mantri Fasal Bima Yojana Canonical: https://indianopinion.org/life-cover-rises-as-crop-and-fire-insurance-premiums-fall/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/life-cover-rises-as-crop-and-fire-insurance-premiums-fall/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.