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Underwritten premium of public life insurance in India: Rise in 2017

In comparison with the prior year life insurance underwritten premium grew by 12.78%, revised figures from India Insurance Regulatory and Development Authority show. It hit its 17-year high as the variable increased from 2 664 442 million Indian Rupee to 3 004 873.5 million Indian Rupee, as it follows the tendency of the previous year when it climbed by 11.17%. India saw a rise of 761.19% in life insurance underwritten premium during the last 17 years. Furthermore, it has shown the average annual growth rate of 0.08% during the last five years with a slight overall raise since the 2001. It averaged 1 557 930.16 million Indian Rupee from 2001 to 2017 and it attained its minimum of 348 920.19 million Indian Rupee in 2001.

Underwritten premium of public life insurance in India: Rise in 2017
Date Million Indian Rupee Variation
2017 3 004 873.50 12.78
2016 2 664 442.00 11.17
2015 2 396 676.50 1.15
2014 2 369 423.00 13.48
2013 2 088 035.75 2.92
2012 2 028 892.75 -0.29
2011 2 034 734.00 9.35
2010 1 860 773.13 18.3
2009 1 572 880.38 5.01
2008 1 497 899.88 17.19

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