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Underwritten premium of life insurance in India grows in 2017

India Insurance Regulatory and Development Authority announced that life insurance underwritten premium climbed by 14.04% in comparison to the previous year. The variable went up from 3 669 432.25 million Indian Rupee to 4 184 766.25 million Indian Rupee, as it follows the tendency of the previous year when it grew by 11.84%. It's new all-time maximum since 2001. India saw a growth of 1 099.13% in life insurance underwritten premium during the last 17 years. As well as it has attained a raise at a 0.08 percent average annual growth rate over the last 5 years with a slight overall increase since the start of time series. It averaged 2 079 130.3 million Indian Rupee from 2001 to 2017 and it hit its minimum of 348 984.69 million Indian Rupee in 2001.

Underwritten premium of life insurance in India grows in 2017
Date Million Indian Rupee Variation
2017 4 184 766.25 14.04
2016 3 669 432.25 11.84
2015 3 281 020.00 4.39
2014 3 143 016.50 9.44
2013 2 872 025.00 0.05
2012 2 870 721.00 -1.57
2011 2 916 386.50 9.87
2010 2 654 472.50 19.69
2009 2 217 854.75 10.15
2008 2 013 514.13 29.01

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