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

The variable went up by 13.17% compared with the previous year, according to adjusted statistics presented by India Insurance Regulatory and Development Authority. The indicator grew from 595 282.31 million Indian Rupee to 673 698.88 million Indian Rupee, as it follows the tendency of the prior year when it rose by 11.03 percent. It's new all-time high since 2013. The overall changes for the previous 5 years hit a raise of 41.39%. Besides, it has had an increase at a 0.07% compound average annual growth rate over the last five years with a modest overall rise since the 2013. It averaged 552 005.84 million Indian Rupee from 2013 to 2017 and it reached its minimum of 476 493.31 million Indian Rupee in 2013.

Renewal underwritten premium of private life insurance in India: Increase in 2017
Date Million Indian Rupee Variation
2017 673 698.88 13.17
2016 595 282.31 11.03
2015 536 125.38 12.06
2014 478 429.31 0.41
2013 476 493.31 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 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 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 Premium Written