Life insurance premiums written in India FY 2017-2019

In financial year 2019, the Life Insurance Corporation (LIC) of India had written premiums that amounted to about 3,375 billion Indian rupees. On the other hand, private sector insurers earned premiums to the value of over 1,700 billion rupees. Written premiums are the amount of premium charged for policies that are already in effect.

Value of total premiums written for life insurance in India from financial year 2017 to 2019, based on sector

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Source

Release date

June 2019

Region

India

Survey time period

FY 2017 to FY 2019

Supplementary notes

Total premiums include regular premium, single premium and renewal premium.

India's financial year begins in April and ends in March. For example, FY 2019 started in April 2018 and ended in March 2019.

Note: One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of May 2020)

Values have been rounded for clarity.

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