, India
/Ilya Mondryk from Unsplash

India’s life insurance sector sinks 12.7% 11M’23

Policies and schemes were tallied at 15.9 billion

In the eleven months to November, India’s life insurance industry registered Rs211,690.65 crore in premiums, down 12.65%, data from India's Life Insurance Council showed.

Year-to-date, the number of policies and schemes recorded were 15.9 billion.

For the month alone, the sector saw Rs26,494.83 crore worth of premiums, with policies and schemes reaching 2.04 billion.

 

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Indonesia enters era of digital insurance distribution
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Indonesia needs a little tech to boost insurance penetration
When compared to GDP, insurance penetration in Indonesia is 1.4%, which is low relative to ASEAN.
How Grandtag secures the bag for Asia’s richest
Grandtag Financial’s regional CEO spills how ‘jumbo life insurance’ attracts UHNWIs in Asia.