The market share of state-owned Life Insurance Corporation of India experienced a decline from 71 percent in the financial year 2017 to 62.58 percent in 2023. However, private players gained traction and reported an increase from around 28 percent in financial year 2017 to 37 percent in 2022.
Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer
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Other statistics that may interest you Insurance industry in India
Overview
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- Premium Statistic Life and non-life insurance penetration in selected regions globally 2020-2022
- Premium Statistic Penetration of life and non-life insurance in India FY 2002-2023
- Premium Statistic Density of life and non-life insurance in India FY 2002-2023
- Premium Statistic Assets of insurance companies in India 2002-2022
- Premium Statistic Number of registered insurers in India FY 2023, by type and sector
Life insurance
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- Premium Statistic Market share of life insurance industry India FY 2017-2023, by type of insurer
- Premium Statistic Value of total life insurance premiums in India FY 2002-2023
- Premium Statistic Value of total premiums written by private life insurers India FY 2003-2023
- Premium Statistic New individual life insurance policies in India FY 2017-2023, by sector
- Premium Statistic Life insurance investments India FY 2017-2023, by sector
Non-life insurance
5
- Premium Statistic General insurance penetration in India FY 2014-2022
- Premium Statistic Market share of general and health insurers India FY 2023, by type of insurer
- Premium Statistic Non-life premiums written in India FY 2023, by segment
- Premium Statistic Non-life insurers gross direct premiums income in India FY 2017-2023
- Premium Statistic Non-life insurance investments in India FY 2017-2023, by sector
Public sector
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- Premium Statistic Largest life insurance companies globally December 2023, by market capitalization
- Premium Statistic Value of gross direct premiums of public general insurers India FY 2023
- Premium Statistic LIC's brand value 2016-2023
- Premium Statistic Public non-life insurers' market share India FY 2017-2023 by company
- Premium Statistic The New India Assurance's gross non-life insurance premiums FY 2013-2022
- Premium Statistic United India Insurance's gross non-life premiums FY 2002-2023
Private players
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- Premium Statistic Leading private insurers in India FY 2023, by gross direct premium
- Premium Statistic ICICI Lombard's gross direct insurance premium income FY 2018-2023
- Premium Statistic HDFC ERGO gross non-life insurance premiums FY 2003-2023
- Premium Statistic Bajaj Allianz's total life insurance premium value FY 2002-2023
- Premium Statistic Tata AIG's gross non-life insurance premiums FY 2002-2023
Further Content: You might find this interesting as well
Life Insurance Corporation of India. (May 25, 2023). Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en
Life Insurance Corporation of India. "Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer." Chart. May 25, 2023. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en
Life Insurance Corporation of India. (2023). Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en
Life Insurance Corporation of India. "Market Share of Life Insurance Industry in India from Financial Year 2017 to 2023, by Type of Insurer." Statista, Statista Inc., 25 May 2023, https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en
Life Insurance Corporation of India, Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer Statista, https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en (last visited May 21, 2024)
Market share of life insurance industry in India from financial year 2017 to 2023, by type of insurer [Graph], Life Insurance Corporation of India, May 25, 2023. [Online]. Available: https://www.statista.com/statistics/1336331/india-life-insurance-market-share-by-insurer-type/?locale=en