The market share of state-owned Life Insurance Corporation of India experienced a decline from 71 percent in the financial year 2017 to 62.58 percent in 2023. However, private players gained traction and reported an increase from around 28 percent in financial year 2017 to 37 percent in 2022.
Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer
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Life Insurance Corporation of India. (May 25, 2023). Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/
Life Insurance Corporation of India. "Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer." Chart. May 25, 2023. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/
Life Insurance Corporation of India. (2023). Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/
Life Insurance Corporation of India. "Market Share of Life Insurance Industry in India from Financial Year 2017 to 2023, by Type of Insurer." Statista, Statista Inc., 25 May 2023, https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/
Life Insurance Corporation of India, Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer Statista, https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/ (last visited October 07, 2024)
Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer [Graph], Life Insurance Corporation of India, May 25, 2023. [Online]. Available: https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/