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)
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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 May 15, 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 May 15, 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: May 15, 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 May 15, 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/