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Renewal underwritten premium of life insurance in India: Raise in 2017

India Insurance Regulatory and Development Authority announced that life insurance underwritten premium increased by 6.66 percent in 2017. It's new all-time peak since 2013 as the indicator went up by 151 930.25 million Indian Rupee, as it follows the tendency of the prior year when it rose by 6.2 percent. The overall changes for the previous 5 years hit an increase of 35.27%. Furthermore, it has attained a rise at a 0.06 percent average annual growth rate over the five years with a modest overall growth since the start of observations. It averaged 2 119 890.4 million Indian Rupee from 2013 to 2017 and it attained its minimum of 1 798 414.13 million Indian Rupee in 2013.

Renewal underwritten premium of life insurance in India: Raise in 2017
Date Million Indian Rupee Variation
2017 2 432 739.50 6.66
2016 2 280 809.25 6.2
2015 2 147 724.75 10.72
2014 1 939 764.38 7.86
2013 1 798 414.13 N/A

Related Statistics

Main Life Insurance Indicators

  • Life Insurance Gross Written Premium

    Total premium on insurance underwritten by a life insurer or reinsurer during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the life insurance industry in a given country. Usually measured in millions or billions of national currency. A life insurer is defined as a corporation legally authorized to act as a life insurer by offering insurance policies that pay a monetary benefit to the insured person's survivors after his/her death. Based on: US National Association of Insurance Commissioners.

  • Life Insurance Firms Number

    Number of life insurance firms at a given date in a country. A life insurance firm is defined as a corporation legally authorized to act as a life insurer by offering insurance policies that pay a monetary benefit to the insured person's survivors after his/her death. Based on: US National Association of Insurance Commissioners.

  • Life Insurance Claims

    Requests made by the insured for insurer remittance of payment due to loss incurred and covered under the life insurance policy agreement, usually expressed in millions or billions of national currency. A life insurer is defined as a corporation legally authorized to act as a life insurer by offering insurance policies that pay a monetary benefit to the insured person's survivors after his/her death. Based on: US National Association of Insurance Commissioners.

  • Life Insurance Revenue

    Revenue generated by life insurance, usually expressed in millions or billions of national currency. A life insurer is defined as a corporation legally authorized to act as a life insurer by offering insurance policies that pay a monetary benefit to the insured person's survivors after his/her death. Based on: US National Associaton of Insurance Commissioners.

  • Life Insurance Premium Written