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New individual life insurance policies in India FY 2017-2021, by sector

Published by Statista Research Department, Jul 21, 2022
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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Release date

December 2021

Region

India

Survey time period

FY 2017 to FY 2021

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.

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).

Values have been rounded for clarity.

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