working population as per census 2001 data, the Insurance Regulatory and Development Authority (IRDA) has reported that the approximate total number of insurable persons in the country is57,03,35,944.
etc. are not maintained.
and the lives covered under group new business by private life insurers are4,19,59,796. IRDA has informed that the details of insured people belonging to Above the Poverty Line (APL) and Below the Poverty Line (BPL) category are not maintained.
) The insurance penetration has increased from 2.32% to 5.51% over the period `2000 to 2010.
, corporate agents emerged in the decade and accounted for nearly 21 percent of the new business in the year 2009-10. These channels have aided in expanding the market as well as in better outreach.
in 2001-02 to Rs.1,09,894.02 in 2009-10. The total life insurance premium rose from Rs.50 in 2001-02 to Rs.2,65,450.37 in 2009-10.
in written reply to an Question in today.