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Regular underwritten premium of private life insurance in India grows in 2017

India Insurance Regulatory and Development Authority announced that in comparison to one year earlier the variable increased by 22.17 percent. It hit its 5-year high as life insurance underwritten premium climbed from 270 530.09 million Indian Rupee to 330 494.5 million Indian Rupee, as it follows the tendency of the prior year when it went up by 13.18 percent. The overall changes for the previous 5 years reached a raise of 51.36%. Moreover, it has had a rise at a 0.09 percent compound average annual growth rate during the last five years with a marginal overall growth since the start of time series. It averaged 252 672.52 million Indian Rupee from 2013 to 2017 and it attained its minimum of 204 975.09 million Indian Rupee in 2014.

Regular underwritten premium of private life insurance in India grows in 2017
Date Million Indian Rupee Variation
2017 330 494.50 22.17
2016 270 530.09 13.18
2015 239 017.59 16.61
2014 204 975.09 -6.12
2013 218 345.30 N/A

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