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New individual life insurance policies in India FY 2017-2020 by sector

Published by Statista Research Department, Mar 1, 2021
In financial year 2020, the Life Insurance Corporation (LIC) of India issued around 21.9 million new individual policies. In comparison, private insurers issued around 6.95 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 2020, based on sector (in millions)

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Source

Release date

February 2021

Region

India

Survey time period

FY 2017 to FY 2020

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 0.014 U.S. dollars and 0.011 euros (as of January 2021).

Values have been rounded for clarity.

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