In financial year 2024, Indian life insurance companies made over ** billion U.S. dollars with new business premiums, and nearly ** billion U.S. dollars with renewal premiums in the previous year. 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.
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India Brand Equity Foundation. (April 15, 2025). Life insurances premiums written by Indian insurers 2016 to 2024, by premium type (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 02, 2026, from /statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. "Life insurances premiums written by Indian insurers 2016 to 2024, by premium type (in billion U.S. dollars)." Chart. April 15, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 02, 2026. /statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. (2025). Life insurances premiums written by Indian insurers 2016 to 2024, by premium type (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 02, 2026. /statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation. "Life Insurances Premiums Written by Indian Insurers 2016 to 2024, by Premium Type (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Apr 2025, /statistics/1196585/india-new-and-renewed-life-insurance-premiums/
India Brand Equity Foundation, Life insurances premiums written by Indian insurers 2016 to 2024, by premium type (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1196585/india-new-and-renewed-life-insurance-premiums/ (last visited August 02, 2026)
Life insurances premiums written by Indian insurers 2016 to 2024, by premium type (in billion U.S. dollars) [Graph], India Brand Equity Foundation, April 15, 2025. [Online]. Available: /statistics/1196585/india-new-and-renewed-life-insurance-premiums/
