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Underwritten premium of private life insurance in India increases in 2017

According to updated figures released by India Insurance Regulatory and Development Authority, life insurance underwritten premium grew by 17.4 percent in 2017. The variable increased by 174 902.31 million Indian Rupee, as it follows the tendency of the previous year when it went up by 13.64%. It pinpoints the all-time high since 2002. The overall changes for the prior 16 years hit a growth of 43 190.87%. Likewise, it has shown the average annual growth rate of 0.09% over the last 5 years with a modest overall rise since the start of time series. It averaged 553 771.1 million Indian Rupee from 2002 to 2017 and it attained its minimum of 2 725.5 million Indian Rupee in 2002.

Underwritten premium of private life insurance in India increases in 2017
Date Million Indian Rupee Variation
2017 1 179 892.63 17.4
2016 1 004 990.31 13.64
2015 884 343.50 14.32
2014 773 593.63 -1.33
2013 783 989.13 -6.87
2012 841 828.31 -4.52
2011 881 652.38 11.08
2010 793 699.38 23.06
2009 644 974.31 25.09
2008 515 614.19 82.5

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 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 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 Premium Written