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Single underwritten premium of private life insurance in India: Raise in 2017

Compared to the prior year life insurance underwritten premium climbed by 27.12%, according to updated statistics issued by India Insurance Regulatory and Development Authority. It shows the all-time high since 2013 as life insurance underwritten premium went up by 37 484.5 million Indian Rupee, as it follows the tendency of the previous year when it increased by 26.57 percent. India saw a raise of 97.08% in life insurance underwritten premium during the last 5 years. Likewise, it has had a 0.15 percent compound annual growth rate over the last five years with a slight overall growth since the start of time series. It averaged 120 490.82 million Indian Rupee from 2013 to 2017 and it reached its minimum of 89 150.5 million Indian Rupee in 2013.

Single underwritten premium of private life insurance in India: Raise in 2017
Date Million Indian Rupee Variation
2017 175 699.20 27.12
2016 138 214.70 26.57
2015 109 200.50 21.08
2014 90 189.20 1.17
2013 89 150.50 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