In the financial year 2023, the Life Insurance Corporation (LIC) of India issued over 20.4 million new individual policies. In comparison, private insurers issued around eight million policies. Overall, there were over 28 million new individual policies issued across the country that year.
Number of new life insurance policies in India from financial year 2017 to 2023, based on sector
(in millions)
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IRDA (India). (December 26, 2023). Number of new life insurance policies in India from financial year 2017 to 2023, based on sector (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). "Number of new life insurance policies in India from financial year 2017 to 2023, based on sector (in millions)." Chart. December 26, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). (2023). Number of new life insurance policies in India from financial year 2017 to 2023, based on sector (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). "Number of New Life Insurance Policies in India from Financial Year 2017 to 2023, Based on Sector (in Millions)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India), Number of new life insurance policies in India from financial year 2017 to 2023, based on sector (in millions) Statista, https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/ (last visited November 21, 2024)
Number of new life insurance policies in India from financial year 2017 to 2023, based on sector (in millions) [Graph], IRDA (India), December 26, 2023. [Online]. Available: https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/