Vietnam’s life insurance market recorded 1,141,841 newly issued policies in the first nine months of 2026, up 4.3% from the same period last year, according to data from the Insurance Association of Vietnam.
Life insurers paid out approximately VND55.733 trillion ($2.11 billion) in claims and benefits during the period, an increase of 21.5% year-on-year.
Investment-linked insurance accounted for 41.5% of newly issued policies, although the number of policies in this category fell 23% compared with the same period in 2025. Meanwhile, term life insurance made up 50.3% of new policies, surging 54% year-on-year.
Endowment insurance policies declined 23.4%, representing 3.6% of new contracts. Other products, including health, pension and whole-life insurance, accounted for a combined 4.6% of the market, down 69% year-on-year.
In terms of revenue, premiums from newly issued life insurance policies were estimated at VND15.894 trillion ($604 million) in the first nine months of 2026.
Total life insurance premium revenue reached an estimated VND101.621 trillion ($3.86 billion) over the same period, down 4% year-on-year.
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