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Single underwritten premium of public life insurance in India grows in 2017

India Insurance Regulatory and Development Authority reported that the indicator sharply increased by 32.7 percent in comparison with the prior year. Life insurance underwritten premium grew greatly by 242 201.5 million Indian Rupee, as it follows the tendency of the previous year when it climbed by 33.7 percent. It's new all-time high since 2013. The overall changes for the prior 5 years attained a rise of 112.28%. Besides, it has shown a 0.16% CAGR during the last five years with a negligible overall growth since the start of observations. It averaged 665 884.41 million Indian Rupee from 2013 to 2017 and it hit its minimum of 462 979.81 million Indian Rupee in 2013.

Single underwritten premium of public life insurance in India grows in 2017
Date Million Indian Rupee Variation
2017 982 822.81 32.7
2016 740 621.31 33.7
2015 553 955.13 -5.96
2014 589 043.00 27.23
2013 462 979.81 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