| The Life Insurance Industry in India |
The sector of life insurance has witnessed immense growth in the past few years. Today, it is second only to banks for mobilized savings and forms a formidable part of the capital market.
The life insurance sector controls:
* More than Rs. 31,437 crores of deployed capital
* Over Rs. 14,80,950 crores of managed assets
* Investments in infrastructure exceeding Rs. 1,53,768 crores
Another indication of the sector's growth is its infrastructural strength.
Today the life insurance sector comprises of:
* Over 11,461 branches
* More than 26 lakh agents
* 2.6 lakh direct employees and growing significantly
* 31 crores In-force policies
The figures are provisional as of 31st March 2011 Source: Life Insurance Council. |
|
|