Solvency ratio of life insurers in India March 2023

Published by Sandhya Keelery, Aug 30, 2024

As of the end of March 2023, Bajaj Allianz Life Insurance Company Ltd. had the highest solvency ratio of 5.16 percent. Whereas, Life Insurance Corporation of India had a solvency ratio of 1.87 percent. A higher solvency ratio indicates that the insurer is more likely to pay claims and manage financial costs. The solvency ratio factors in net income, depreciation, and liabilities of the insurer.

Solvency ratio of life insurers in India as of March 2023

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Release date

December 2023

Region

India

Survey time period

March 2023

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