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Single underwritten premium of life insurance in India: Increase in 2017

India Insurance Regulatory and Development Authority announced that the indicator rose greatly by 31.82 percent in 2017. Life insurance underwritten premium sharply increased from 878 836 million Indian Rupee to 1 158 522 million Indian Rupee, as it follows the tendency of the previous year when it went up by 32.52 percent. It's new all-time maximum since 2013. India saw a rise of 109.83% in life insurance underwritten premium over the past 5 years. Likewise, it has shown a raise at a 0.16% average annual growth rate during the last five years with a marginal overall growth since the start of observations. It averaged 786 375.23 million Indian Rupee from 2013 to 2017 and it attained its minimum of 552 130.31 million Indian Rupee in 2013.

Single underwritten premium of life insurance in India: Increase in 2017
Date Million Indian Rupee Variation
2017 1 158 522.00 31.82
2016 878 836.00 32.52
2015 663 155.63 -2.37
2014 679 232.19 23.02
2013 552 130.31 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 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