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With the passage of IRDA Act 1999, Insurance Industry was opened to private companies and as of now we have 24 Life Insurance Companies in India operating with a deployed capital of ~36625 crores, 20 lakh distributors and 32.5 crore in-force policies. Since 1956 we have completed ~60yrs of operations but Life Insurance penetration is still at 2.72% as on 2017. India remains one of the lowest penetrated economies across the globe. We see huge divergence in penetration across states in India. Insurance densit

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TJPRC Publications

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EN