The life insurance continued to chain the records last month, with unprecedented amounts paid in the contracts and a net influx of money to the maximum for a month of May in 16 years, according to data published on Friday by the insurers of France.
Last month, the combination of contributions (the sums imposed on contracts) reached 13.9 billion euros, an amount of 10% more than a year and unprecedented for a month of May.
The pending life insurance at 2,049 billion euros
At the same time, the benefits paid by the insurers (the redemption of savings or distribution to the designated beneficiaries in case of death) fell 9% compared to May from 2024 to 10.2 billion euros.
Last month, the “net collection” of life insurance: the difference between the amounts placed in the contracts by the savers and the sums donated by the insurers, has reached its highest level for 16 years for a month of May, to 3.8 billion euros.
According to the insurers of France, the outstanding life insurance, which exceeded for the first time in January, the milestone of 2,000 billion euros, reached 2,049 billion euros at the end of May.
“The retirement savings locomotive”
Last month, “we also cross the symbolic limit of 100 billion euros” of accumulated savings in retirement savings plans (by) marketed by insurers, said Paul Esmein.
More than one million insured have released a new per in the last twelve months, according to the figures of the insurers of France.
You cannot deny the success of this product and its increase in fact of fact “the individual retirement savings savings” of the French, Mr. Esmein estimated.
Source: BFM TV
