Commission expenses among lndian life insurers FY 2021, by type

Published by Statista Research Department, Nov 20, 2023
In financial year 2021, the Life Insurance Corporation (LIC) of India spent 221 billion Indian rupees on commissions. Thereby, the commissions for renewable premiums and new business premiums are on the same level. Private sector companies spent 108 billion Indian rupees on commissions over the same period. Here, the expenses for new business commissions were much higher than for renewal.

Value of life insurers' commission expenses in India in financial year 2021, by type (in billion Indian rupees)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

December 2021

Region

India

Survey time period

FY 2021

Supplementary notes

First year premium includes regular and single premium and total premium includes first year and renewal premium.

LIC stands for Life Insurance Corporation.

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).

Values have been rounded for clarity.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Insurance industry in Italy "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Insurance industry in Italy

Market overview

5

Segments

5

Leading companies

6

Sales metrics & consumption

8

Investments

4

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Insurance industry in ItalyM&As in EuropeM&As in the United StatesInsurance industry in the UKMotor insurance in the UK
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.
Menu