Number of complaints registered against life insurer India FY 2023, by insurer type

Published by Sandhya Keelery, Aug 30, 2024

In the financial year 2023, the Life Insurance Corporation (LIC) had the highest number of complaints at 81.49 thousand, while private insurers had significantly fewer complaints at 45.88 thousand. LIC is an Indian multinational public sector life insurance company headquartered in Mumbai.

Number of complaints registered against life insurer in India in the financial year 2023, by insurer type (in 1,000s)

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Release date

December 2023

Region

India

Survey time period

FY 2023

Special properties

Complaints of unfair business practices

Supplementary notes

Life Insurance Corporation (LIC) of India is an Indian multinational public sector life insurance company headquartered in Mumbai.

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

Values have been rounded for clarity.

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