In financial year 2021, there were over six thousand private life insurance offices in India and almost five thousand LIC life insurance offices. The total number of office spaces for the life insurance industry in the country came to around 11,060 that year.
Number of life insurance offices in India from financial year 2008 to 2021, by sector
According to the source, offices are defined under Section 64VC of the Insurance Act, 1938 and this data was collected from life insurers through a special return.
LIC stands for Life Insurance Corporation.
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IRDA (India). (December 23, 2021). Number of life insurance offices in India from financial year 2008 to 2021, by sector [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/
IRDA (India). "Number of life insurance offices in India from financial year 2008 to 2021, by sector." Chart. December 23, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/
IRDA (India). (2021). Number of life insurance offices in India from financial year 2008 to 2021, by sector. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/
IRDA (India). "Number of Life Insurance Offices in India from Financial Year 2008 to 2021, by Sector." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/
IRDA (India), Number of life insurance offices in India from financial year 2008 to 2021, by sector Statista, https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/ (last visited December 30, 2024)
Number of life insurance offices in India from financial year 2008 to 2021, by sector [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/655910/number-of-life-insurance-offices-india/