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Private life insurance offices in India: Drop in 2017

The indicator diminished slightly by 1.97% in 2017, updated numbers from India Insurance Regulatory and Development Authority highlight. The variable negligibly declined from 6 179 to 6 057, in contrast to the prior year when it rose by 0.37 percent. India saw a rise of 97.17% in number of life insurance firms over the past 11 years. Though, it has attained a decrease at a 0.02 percent compound annual growth rate over the five years with a modest overall drop since the 2007. It averaged 6 749.73 from 2007 to 2017 and it reached its all-time high of 8 785 in 2009 and record low of 3 072 in 2007.

Private life insurance offices in India: Drop in 2017
Date Number Variation
2017 6 057.00 -1.97
2016 6 179.00 0.37
2015 6 156.00 -0.6
2014 6 193.00 -8.37
2013 6 759.00 -12.36
2012 7 712.00 -5.66
2011 8 175.00 -6.76
2010 8 768.00 -0.19
2009 8 785.00 37.46
2008 6 391.00 108.04

Related Statistics

Life Insurance Firms Number in other Countries

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