In the fiscal year 2023, private insurers in India had written over three trillion Indian rupees worth of life insurance premiums. Since 2009, private insurers have crossed the three trillion mark for the first time.
Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023
(in trillion Indian rupees)
Characteristic
Total life insurance premiums in trillion Indian rupees
India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.
One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of March 2024).
Values have been rounded.
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IRDA (India). (December 26, 2023). Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023 (in trillion Indian rupees) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/
IRDA (India). "Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023 (in trillion Indian rupees)." Chart. December 26, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/
IRDA (India). (2023). Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023 (in trillion Indian rupees). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/
IRDA (India). "Value of Total Life Insurance Premiums Written by Indian Private Insurers from Financial Year 2003 to 2023 (in Trillion Indian Rupees)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/
IRDA (India), Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/ (last visited October 02, 2024)
Value of total life insurance premiums written by Indian private insurers from financial year 2003 to 2023 (in trillion Indian rupees) [Graph], IRDA (India), December 26, 2023. [Online]. Available: https://www.statista.com/statistics/664145/vaue-of-total-life-permuim-private-insurers-india/