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IRDAI annual report 2022-23
January 2 , 2024
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- The share of life insurance policies sold to women in India slightly decreased from 34.7 percent in 2021-22 to 34.2 percent in 2022-23.
- In the fiscal year 2022-23, the number of life insurance policies issued to women reached 97.38 lakh.
- Totally 2.84 crore policies are sold during the same period.
- Share of policies sold to women by the Life Insurance Corporation of India (LIC) was higher at 35.81 percent, compared to private life insurers’ 30.13 percent.
- Karnataka (44.23 percent), Kerala (43.96 percent), Mizoram (42.97 percent), Sikkim (42.6 percent), and Meghalaya (41.81 percent) emerged as the top states in terms of the share of life insurance policies issued to women.
- Ladakh (23.1 percent), Haryana (27.16 percent), Jammu & Kashmir (28.07 percent), Uttar Pradesh (29.53 percent), and Gujarat (29.59 percent) were among the states with lower percentages.
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