State Wise Life Insurance Premium

Year

2017 - 2018

Individual

344536.2

Group

382347.02

Total

726883.22

The graph shows the state-wise premium collection by all the life insurance companies. The values are divided into two categories- individual and group premiums

State / Union Territory Life Insurance Premium of 2017 - 2018

State / Union TerritoryYearIndividualGroup
Maharastra2017-201817419.6817419.68
West Bengal2017-20188786.127045.52
Uttar Pradesh2017-20188043.131431.51
Tamil Nadu2017-20186448.058132.74
Gujarat2017-20186115.792841.43
Karnataka2017-20185287.1413538.6
Delhi2017-20185132.6216751.15
Andhra Pradesh2017-20183230.33975.44
Kerala2017-20183881.322305.93
Telangana2017-20183133.274739.22
Rajasthan2017-20183043.421124.74
Madhya Pradesh2017-20183038.84610.04
Bihar2017-20183009.831080.53
Odisha2017-20182720.44882.99
Assam2017-20182147.26746.8
Punjab2017-20181936.05155.86
Haryana2017-20182027.841069.21
Jharkhand2017-20181579.81200.92
Uttrakhand2017-20181139.743071.79
Chattisgarh2017-2018906.44979.64
Himachal Pradesh2017-2018652.97265.6
Chandigarh2017-2018595.73570.96
Jammu And Kashmir2017-2018529.64571.1
Goa2017-2018478.42114.4
Meghalaya2017-201895.37.84
Nagaland2017-201869.81.47
Tripura2017-2018245.3437.31
Puducherry2017-2018154.1622.71
Manipur2017-2018100.413.15
Sikkim2017-201860.345.36
Mizoram2017-201827.0610.11
Andaman And Nicobar Island2017-201817.541.26
Daman And Diu2017-201816.320.15
Dadar And Nagar Haveli2017-20185.690.36
Lakshadweep2017-20180.230

State-wise life insurance helps us to analyse the life insurance premium in every state and do a comparison on the same basis. States are divided into zones for a detailed view and check the contribution of each zone towards the growth of premium. Individual factors can be identified that may lead to change in the growth of the premium. Also, it helps in getting more insight towards the opportunities that should be explored.