1. ReportLinker Data
  2. Financial Services
  3. Insurance
  4. Life Insurance
  5. Life Insurance Premium W…
  6. Regular Underwritten Pre…

Regular underwritten premium of life insurance in India: Growth in 2017

In 2017 life insurance underwritten premium went up by 16.64 percent, according to numbers published by India Insurance Regulatory and Development Authority. It reached its 5-year maximum as the indicator rose from 508 824 million Indian Rupee to 593 504.81 million Indian Rupee, as it follows the tendency of the previous year when it climbed by 8.23%. The overall changes for the prior 5 years attained a raise of 13.81%. Moreover, it has attained a 0.03 percent average annual growth rate over the last five years with a slight overall increase since the start of time series. It averaged 523 593.78 million Indian Rupee from 2013 to 2017 and it hit its minimum of 470 139.59 million Indian Rupee in 2015.

Regular underwritten premium of life insurance in India: Growth in 2017
Date Million Indian Rupee Variation
2017 593 504.81 16.64
2016 508 824.00 8.23
2015 470 139.59 -10.28
2014 524 020.00 0.49
2013 521 480.50 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