Indian Life Insurance Industry had written over seven trillion Indian rupees worth of life insurance premiums in the financial year 2023. This was a significant growth in premiums from the previous financial year. The linear rise in premium was recorded over the years from the financial year 2002 except for the slight fall in the financial year 2012 in the country.
Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023
(in trillion Indian rupees)
Characteristic
Total life insurance premiums in trillion Indian rupees
India's financial year starts 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 0.012 U.S. dollars and 0.011 euros (as of May 2022).
Values have been rounded.
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IRDA (India). (December 26, 2023). Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023 (in trillion Indian rupees) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/
IRDA (India). "Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023 (in trillion Indian rupees)." Chart. December 26, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/
IRDA (India). (2023). Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023 (in trillion Indian rupees). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/
IRDA (India). "Value of Total Life Insurance Premiums Written by Indian Insurers from Financial Year 2002 to 2023 (in Trillion Indian Rupees)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/
IRDA (India), Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/ (last visited December 21, 2024)
Value of total life insurance premiums written by Indian insurers from financial year 2002 to 2023 (in trillion Indian rupees) [Graph], IRDA (India), December 26, 2023. [Online]. Available: https://www.statista.com/statistics/664167/vaue-of-total-life-permuim-india/
