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Renewal underwritten premium of public life insurance in India: Increase in 2017

In comparison to the prior year the variable increased barely by 4.36 percent, according to numbers published by India Insurance Regulatory and Development Authority. The indicator negligibly rose by 73 513.5 million Indian Rupee, as it follows the tendency of the previous year when it climbed by 4.59%. It displays the all-time peak since 2013. The overall changes for the prior 5 years reached a rise of 33.07%. Besides, it has shown a 0.06% CAGR over the five years with a marginal overall growth since the start of time series. It averaged 1 567 884.55 million Indian Rupee from 2013 to 2017 and it hit its minimum of 1 321 920.75 million Indian Rupee in 2013.

Renewal underwritten premium of public life insurance in India: Increase in 2017
Date Million Indian Rupee Variation
2017 1 759 040.50 4.36
2016 1 685 527.00 4.59
2015 1 611 599.38 10.28
2014 1 461 335.13 10.55
2013 1 321 920.75 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