Turkey's Insurance Association has announced a transformation plan targeting structural changes in the credit-dependent model of life insurance.
ℹ️ Browser-based reading · AI studio voice coming soon
Turkey's Insurance Association has unveiled a comprehensive transformation plan aimed at positioning life insurance as a strategic leverage point in the economy. According to the Association's position paper, premium growth in life insurance is expected in 2025, while the sector aims to address structural problems. The plan targets reducing credit dependency and strengthening individual savings mechanisms. Various legal and regulatory steps are envisioned to increase the role of life insurance in economic growth. Through this transformation, the sector aims to achieve a healthier financial structure.
Turkey's Insurance Association announced a transformation plan aimed at reducing credit dependency and strengthening individual savings mechanisms so that life insurance plays a strategic role in the economy. The sector, which expects premium increases in 2025, aims to transition to a healthier financial structure through legal and regulatory changes.
Expected increases in life insurance premiums will directly affect your insurance costs and may offer alternative options for your retirement savings. Since this transformation aims to encourage you to accumulate savings through insurance and savings mechanisms rather than through credit financing, financial product alternatives and returns may change in the coming period.