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Indian

LIC loses over 2 % market share to pvt players in 2017-18

Jan 10, 2019

For the Indian life insurance industry,while renewal premium accounted for 57.68 percent (58.13 percent in previous year) of the total premium received by the life insurers, new business premium contributed the remaining 42.32 percent (41.87 percent in previous year). 

Insurance Penetration and Density are on a slow recovery path in India

Jan 10, 2019

The life insurance industry’s penetration has seen a slight increase in 2015 reaching 2.72 percent, remained same in 2016 and increased to 2.76 in the year 2017. The penetration of non-life insurance sector in the country has gone up from 0.56 in 2001 to 0.93 in 2017(0.77 in 2016).

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