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First year underwritten premium of public life insurance in India rises in 2017

According to updated figures issued by India Insurance Regulatory and Development Authority, in comparison to the prior year the indicator climbed by 27.27 percent. It highlights the all-time high since 2001 as life insurance underwritten premium rose by 266 918 million Indian Rupee, as it follows the tendency of the previous year when it increased by 24.69 percent. The overall changes for the prior 17 years attained a growth of 1 184.23%. Furthermore, it has had a 0.1 percent compound average annual growth rate over the last five years with a marginal overall raise since the 2001. It averaged 582 342.12 million Indian Rupee from 2001 to 2017 and it reached its minimum of 97 009.8 million Indian Rupee in 2001.

First year underwritten premium of public life insurance in India rises in 2017
Date Million Indian Rupee Variation
2017 1 245 833.13 27.27
2016 978 915.13 24.69
2015 785 077.19 -13.55
2014 908 087.88 18.53
2013 766 115.00 -6.41
2012 818 622.50 -5.92
2011 870 123.50 21.66
2010 715 219.00 34.49
2009 531 790.81 -11.36
2008 599 965.69 6.71

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