In the financial year 2023, the 61st month persistency ratio of the Life Insurance Corporation of India (LIC) was approximately 50 percent. The persistency ratio at the 13th month was 64.28 and it decreased over time. Persistency ratio reflects the ratio of life insurance policies that received timely premiums in the given year and the number of net active policies.
Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months
Characteristic
Persistency ratio
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Life Insurance Corporation of India. (May 25, 2023). Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/
Life Insurance Corporation of India. "Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months." Chart. May 25, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/
Life Insurance Corporation of India. (2023). Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/
Life Insurance Corporation of India. "Persistency Ratio of Life Insurance Corporation in Financial Year 2023, by Number of Months." Statista, Statista Inc., 25 May 2023, https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/
Life Insurance Corporation of India, Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months Statista, https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/ (last visited August 25, 2024)
Persistency ratio of Life Insurance Corporation in financial year 2023, by number of months [Graph], Life Insurance Corporation of India, May 25, 2023. [Online]. Available: https://www.statista.com/statistics/1422769/lic-persistency-ratio-by-number-of-months/