Share of distribution channels in life insurance industry India FY 2017-2022

Published by Sandhya Keelery, Aug 30, 2024
In the financial year 2022, Banca remained the most prominent distribution channel for life insurance companies, with a share of 55 percent. This share has remained consistent in the past five financial years. Over time, Bancassurance has proved to be effective and profitable for insurance companies because of the reach of banks across the country. With a 23 percent share, the agency was the second preferred channel.

Share of distribution channels in life insurance industry in India from financial year 2017 to 2022

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Release date

September 2022

Region

India

Survey time period

FY 2017 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

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Statistics on " Life insurance in India "

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Life insurance industry in IndiaLife insurance worldwideInsurance industry in IndiaGlobal insurance industry
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