In financial year 2022, Indian life insurance companies made 40.1 billion U.S. dollars with new business premiums and 49.2 billion U.S. dollars with renewal premiums. The life insurance market is characterized by a steady growth in new business premiums as well as in renewal premiums, however a larger proportion of revenue is gained through ongoing renewals.
Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars)
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India Brand Equity Foundation. (November 6, 2023). Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 02, 2024, from https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. "Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars)." Chart. November 6, 2023. Statista. Accessed May 02, 2024. https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. (2023). Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 02, 2024. https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. "Life Insurances Premiums Written by Indian Insurers 2016 to 2022, by Premium Type (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation, Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/ (last visited May 02, 2024)
Life insurances premiums written by Indian insurers 2016 to 2022, by premium type (in billion U.S. dollars) [Graph], India Brand Equity Foundation, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/1196585/india-new-and-renewed-life-insurance-premiums/