France Life Insurance Net Inflows Reach €24.7 Billion by April 2026

Net deposits into life insurance contracts reached €5.2 billion in April 2026, according to France Assureurs. This figure is €1.1 billion higher than the amount recorded in April 2025, contributing to a total net collection of €24.7 billion between January and April 2026.

How did deposits break down in April?

Of the €5.2 billion in net deposits for April, unit-linked accounts (UC) accounted for €3.6 billion. Euro funds, the risk-free portion of contracts, saw deposits of €1.6 billion.

Total contributions for the month reached €17.6 billion, a 7% increase compared to the previous year. France Assureurs noted that this represents a record for the month of April, with UC representing 33% of these contributions.

Withdrawals remained stable on a yearly basis at €12.4 billion. The majority of these payouts, totaling €10.2 billion, came from euro funds.

Did You Know? Contributions to life insurance contracts in April 2026 hit €17.6 billion, marking a record high for the month of April according to the insurers’ federation.

Why are savers moving away from regulated accounts?

Data indicates a shift in saver preference toward life insurance and away from regulated savings products. In April, the Livret A and LDDS accounts experienced a combined net outflow of €1.5 billion.

According to France Assureurs, euro funds are regaining favor among savers as they move capital out of these regulated accounts.

Expert Insight: Samantha Carter notes that the contrast between the €1.5 billion outflow from regulated accounts and the growth in life insurance deposits suggests a strategic reallocation of capital. The heavy reliance on euro funds for withdrawals, while UC drives the bulk of net growth, indicates a divergence in how savers manage risk and liquidity.

What is the overall trend for 2026?

The first four months of 2026 show a strong upward trend following the performance of 2025. Total net collection from January to April stands at €24.7 billion.

Life Insurance in France: What You Really Need to Know in 2026

Unit-linked accounts have been the primary driver of this growth, accounting for €18.8 billion of the total net collection for the period.

What could happen next?

If the current trend persists, net collections may continue to rise as savers move funds from regulated accounts into life insurance. The record-breaking contribution levels seen in April suggest that liquidity could continue to flow toward UC and euro funds.

A possible next step for the market could be a continued stabilization of withdrawals, provided the current trend of stable payout levels remains constant.

Frequently Asked Questions

What was the net collection for life insurance in April 2026?
Net deposits reached €5.2 billion, which is €1.1 billion more than in April 2025.

How did regulated savings perform in April?
The Livret A and LDDS saw a combined net outflow of €1.5 billion.

How much was collected in unit-linked accounts (UC) from January to April 2026?
Unit-linked accounts accounted for €18.8 billion of the total €24.7 billion net collection.

Do you believe the shift from regulated savings to life insurance will accelerate in the coming months?