Total premiums across all insurance categories reached Rs 11.19 trillion in 2023-24 while insurers paid out Rs 7.66 trillion ...

According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24 ...

Private life insurers dominate the segment, accounting for over Rs 10,708.4 crore, while the state-owned Life Insurance ...

Life insurance penetration in India declined from 3 percent in 2022-23 to 2.8 percent in 2023-24, while general insurance penetration remained unchanged at 1 percent ...

In FY24, commission expenses for life insurers increased by 22% and doubled for general insurers after IRDAI removed caps on ...

India's insurance penetration drops to 3.7% in 2023-24, despite IRDAI's efforts, with life insurance demand declining.

Public sector general insurers saw an 8.88% increase in their contribution, rising from Rs 82,891 crore in 2022-23 to Rs ...

According to Irdai's Annual Report 2023-24, the non-life insurance sector underwrote a total direct premium of ₹2.90 lakh ...

Insurance penetration in India, which is already low, saw a dip for the second successive year, shows the latest report by ...

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52% during 2023-24 as ...