In financial year 2021, the Life Insurance Corporation (LIC) of India issued around 21 million new individual policies. In comparison, private insurers issued around seven million policies. Overall, there were about 28 million new individual policies issued across the country that year.
Number of new life insurance policies in India from financial year 2017 to 2021, based on sector (in millions)
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IRDA (India). (December 23, 2021). Number of new life insurance policies in India from financial year 2017 to 2021, based on sector (in millions) [Graph]. In Statista. Retrieved August 19, 2022, from https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). "Number of new life insurance policies in India from financial year 2017 to 2021, based on sector (in millions)." Chart. December 23, 2021. Statista. Accessed August 19, 2022. https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). (2021). Number of new life insurance policies in India from financial year 2017 to 2021, based on sector (in millions). Statista. Statista Inc.. Accessed: August 19, 2022. https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India). "Number of New Life Insurance Policies in India from Financial Year 2017 to 2021, Based on Sector (in Millions)." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/
IRDA (India), Number of new life insurance policies in India from financial year 2017 to 2021, based on sector (in millions) Statista, https://www.statista.com/statistics/655505/number-of-new-life-insurance-policies-india/ (last visited August 19, 2022)