Leading life insurers in India FY 2023, by new business premium

Published by Sandhya Keelery, Aug 30, 2024

Life Insurance Corporation, a public insurance company in India, had the highest new business premium of 2,320 billion Indian rupees in the financial year 2023. Among the private insurers, SBI Life Insurance Company had the highest new business premium, followed by HDFC Life Insurance Company in the financial year 2023.

Leading life insurers in India as of financial year 2023, by new business premium (in billion Indian rupees)

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Release date

February 2024

Region

India

Survey time period

FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of June 2024).

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