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. 35,344 crores of deployed capital
  • * Over Rs. 29,80,622 crores of managed assets
  • * Investments in infrastructure exceeding Rs 3,44,075 crores

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

Today the life insurance sector comprises of:

  • * Over 10,955 branches
    * More than 20.88 lakh agents
    * 2.49 lakh direct employees and growing significantly
    * 32.24 crores In-force policies.

The above figures are provisional as of 31st March 2017

Source: Life Insurance Council.