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

First year underwritten premium of life insurance in India: Rise in 2017

In comparison to the previous year life insurance underwritten premium increased by 26.17%, revised statistics from India Insurance Regulatory and Development Authority display. The variable went up by 363 403.63 million Indian Rupee, as it follows the tendency of the prior year when it climbed by 22.53 percent. It demonstrates the all-time peak since 2001. The overall changes for the previous 17 years attained a raise of 1 704.83%. Furthermore, it has shown the compound average annual growth rate of 0.1% over the five years with a marginal overall growth since the 2001. It averaged 819 606.12 million Indian Rupee from 2001 to 2017 and it hit its minimum of 97 074.3 million Indian Rupee in 2001.

First year underwritten premium of life insurance in India: Rise in 2017
Date Million Indian Rupee Variation
2017 1 752 026.75 26.17
2016 1 388 623.13 22.53
2015 1 133 295.25 -5.81
2014 1 203 252.25 12.08
2013 1 073 610.75 -5.8
2012 1 139 660.25 -9.84
2011 1 263 981.75 15.02
2010 1 098 939.13 25.84
2009 873 310.81 -6.81
2008 937 125.19 23.88

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