In the financial year 2022, the Life Insurance Corporation of India (LIC) had written over four trillion Indian rupees worth of life insurance premiums. A linear rise in the insurance premiums of the corporation was seen over the years from the financial year 2002 except for the slight fall in financial year 2012. The LIC is way ahead of its competitors from the private sector who had commonly written over two trillion Indian rupees worth of life insurance premiums in 2022.
Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022
(in billion Indian rupees)
Characteristic
Total life insurance premiums in billion Indian rupees
India's financial year starts 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.
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IRDA (India). (November 30, 2023). Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022 (in billion Indian rupees) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/
IRDA (India). "Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022 (in billion Indian rupees)." Chart. November 30, 2023. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/
IRDA (India). (2023). Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022 (in billion Indian rupees). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/
IRDA (India). "Value of Total Life Insurance Premiums Written by Life Insurance Corporation of India from Financial Year 2002 to 2022 (in Billion Indian Rupees)." Statista, Statista Inc., 30 Nov 2023, https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/
IRDA (India), Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022 (in billion Indian rupees) Statista, https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/ (last visited November 09, 2024)
Value of total life insurance premiums written by Life Insurance Corporation of India from financial year 2002 to 2022 (in billion Indian rupees) [Graph], IRDA (India), November 30, 2023. [Online]. Available: https://www.statista.com/statistics/664114/value-of-total-life-premium-lic-india/
