Market share of life insurance industry India FY 2017-2023, by type of insurer

Published by Sandhya Keelery, Aug 30, 2024
The market share of state-owned Life Insurance Corporation of India experienced a decline from 71 percent in the financial year 2017 to 62.58 percent in 2023. However, private players gained traction and reported an increase from around 28 percent in financial year 2017 to 37 percent in 2022.

Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer

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Release date

May 2023

Region

India

Survey time period

FY 2017 to FY 2023

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.

Previous reports have been accessed for historical data.

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Statistics on " Insurance industry in India "

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Overview

5

Life insurance

5

Non-life insurance

5

Public sector

6

Private players

5

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Topics

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