New individual life insurance policies in India FY 2017-2022, by sector

Published by Statista Research Department, Nov 20, 2023
In financial year 2022, the Life Insurance Corporation (LIC) of India issued over 21 million new individual policies. In comparison, private insurers issued around seven million policies. Overall, there were about 29 million new individual policies issued across the country that year.

Number of new life insurance policies in India from financial year 2017 to 2022, based on sector (in millions)

© Statista 2023
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

December 2022

Region

India

Survey time period

FY 2017 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

Values have been rounded for clarity.

Citation formats
Statista Accounts: Access All Statistics. Starting from $1,788 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$149 USD / Month *
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Statistics on " Life insurance in India "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Life insurance in India

Overview

5

Key indicators

6

Market players

5

Claims and complaints

4

Consumer behaviour

6

Inclusivity and emerging trends

6

Further related statistics

17

Further Content: You might find this interesting as well

Statistics

Topics

Insurance industry in IndiaState of health in IndiaBanking industry in IndiaForeign direct investments in IndiaCommercial vehicles in India
Statista Accounts: Access All Statistics. Starting from $1,788 USD / Year
Learn more about how Statista can support your business.
Menu