As of financial year 2019, there were around 2,932 LIC life insurance offices across semi-urban India, while private life insurers had around 1.4 thousand offices in rural areas. The overall life insurance industry had over eleven thousand offices across the country that year.
Number of life insurance offices in India as of financial year 2019, by region
According to the source, offices are defined under Section 64VC of the Insurance Act, 1938 and this data was collected from life insurers through a special return.
* The source categorizes the regions as follow:
Metro: population of 1,000,000 or more inhabitants
Urban: population of 100,000 to 999,999 inhabitants
Semi-urban: population of 10,000 to 99,999 inhabitants
Rural: population of up to 9,999 inhabitants
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IRDA (India). (December 23, 2021). Number of life insurance offices in India as of financial year 2019, by region [Graph]. In Statista. Retrieved September 21, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/
IRDA (India). "Number of life insurance offices in India as of financial year 2019, by region." Chart. December 23, 2021. Statista. Accessed September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/
IRDA (India). (2021). Number of life insurance offices in India as of financial year 2019, by region. Statista. Statista Inc.. Accessed: September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/
IRDA (India). "Number of Life Insurance Offices in India as of Financial Year 2019, by Region." Statista, Statista Inc., 23 Dec 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/
IRDA (India), Number of life insurance offices in India as of financial year 2019, by region Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/ (last visited September 21, 2024)
Number of life insurance offices in India as of financial year 2019, by region [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/655980/number-of-life-insurance-offices-india-by-region/
