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Public life insurance offices in India: Raise in 2017

India Insurance Regulatory and Development Authority announced that the variable went up hardly by 0.1 percent in 2017. It reached its 11-year high as the indicator slightly rose by 5, as it follows the tendency of the previous year when it increased by 0.31%. India saw a rise of 112.82% in number of life insurance firms over the past 11 years. Moreover, it has had a 0.07% compound annual growth rate during the last 5 years with a slight overall increase since the start of time series. It averaged 3 723.64 from 2007 to 2017 and it hit its minimum of 2 301 in 2007.

Public life insurance offices in India: Raise in 2017
Date Number Variation
2017 4 897.00 0.1
2016 4 892.00 0.31
2015 4 877.00 0.79
2014 4 839.00 37.24
2013 3 526.00 2.05
2012 3 455.00 2.49
2011 3 371.00 3.72
2010 3 250.00 7.26
2009 3 030.00 20.14
2008 2 522.00 9.6

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