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.38,585 crore of deployed capital
  • * Over Rs. 46,56,346 crore of managed assets
  • * Investments in infrastructure exceeding Rs 4,51,475 crore

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

Today the life insurance sector comprises of:

  • * Over 11080 branches
    * More than 24.55 lakh agents
    * 3.18 lakh direct employees and growing significantly
    * 33.03 crore In-force policies.

The above figures are provisional as of 31st March, 2021.

Source: Life Insurance Council.