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Awareness and ownership levels of life insurance in India as of March 2023

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Source

Release date

July 2023

Region

India

Survey time period

February 2023 to March 2023

Number of respondents

1,651 respondents

Age group

23 years and older

Method of interview

Face-to-face interview

Supplementary notes

12 percent of the respondents were females and 88 percent were males.

46 percent of the respondents belonged to metro cities, 35 percent to tier 2 cities and 19 percent to tier 3 cities.

Citation formats

Awareness and ownership levels of life insurance in India 2023

Published by Jenny Yang, Nov 22, 2023

According to a survey conducted in 2023 in India, ** percent of respondents were aware of the life insurance. However, only ** percent of the respondents currently owned a life insurance policy. The most important purchase barriers were affordability issues, lack of sufficient understanding, and procrastination.

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Life insurance industry in IndiaLife insurance worldwideInsurance industry in IndiaGlobal insurance industry
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