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. 43,921 crore of deployed capital
• * Over Rs. 56,95,720 crore of managed assets
• * Investments in infrastructure exceeding Rs 4,97,595 crore

Another indication of the sector's growth is its infrastructural strength.

Today the life insurance sector comprises of:

• * Over 11238 branches
  * More than 26.29 lakh agents
  * 3.87 lakh direct employees and growing significantly
  * 32.69 crore In-force policies.
  

The above figures are provisional as of 31st March, 2023.

Source: Life Insurance Council.