Women's life insurance share rises to 34.2% in 2022-23: IRDAI report

As per the IRDAI's annual report 2023, of the total policies sold, the number of policies issued to women was around 9.73 million, which is 34.20 per cent of the total

Of the total 28.4 million policies sold by the insurers during 2022-23, the share of women’s life insured by private companies rose to 30.13 per cent as compared to 29 per cent in 2021-22. On the other hand, the share of women insured by Life Insurance Corporation of India (LIC) dropped to 35.81 per cent from 36 per cent in the year-ago period.

According to the Insurance Regulatory and Development Authority’s annual report 2023, of the total policies sold, the number of policies issued to women was around 9.73 million, which is 34.20 per cent of the total.