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Number of new life insurance policies in India from financial year 2017 to 2024, based on sector (in millions)

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Source

Release date

November 2024

Region

India

Survey time period

FY 2017 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2025 started in April 2024 and ended in March 2025.

Values have been rounded for clarity.

Citation formats

New individual life insurance policies in India FY 2017-2024, by sector

Published by Jenny Yang, May 27, 2025

In the financial year 2024, the Life Insurance Corporation (LIC) of India issued nearly **** million new individual policies. In comparison, private insurers issued around *** million policies. Overall, there were over ** million new individual policies issued across the country that year.

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Insurance industry in IndiaState of health in IndiaBanking industry in IndiaForeign direct investments in IndiaCommercial vehicles in India
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