The variety of life insurance coverage insurance policies issued to girls accounted for 34.20 perc ent of whole insurance policies at 97.38 lakhs within the 12 months 2022-23 out of a complete 2.84 crore insurance policies..
In keeping with the most recent knowledge of the Insurance coverage Regulatory and Improvement Authority of India (IRDAI), this considerations particular person new enterprise knowledge – variety of insurance policies and first-year premium for the 12 months.
Ladies comprise roughly 49 per cent of the whole inhabitants in India. Their contribution to the nation’s financial exercise is important and is rising yearly.
“Life insurers are rising to the event by catering to the rising calls for of the ladies inhabitants, and are providing appropriate product options to offer sufficient life insurance coverage protection,’‘ the insurance coverage regulator mentioned. In 2021-22, the share of girls in whole insurance policies was 34.7 computer. Karnataka tops the record of states with the best share for insurance policies of girls at 44.23 per cent adopted by Kerala at 43.96 per cent and Mizoram at 42.97 per cent. With a 23 per cent share of girls in whole insurance policies, Ladakh is on the backside.
MARKETING
In advertising and marketing, about 7.45 lakh girls work as brokers within the life insurance coverage business, making it 28.35 per cent of the whole particular person company power as at March 31, 2023.
Non-public life insurers are forward of public corporations in deploying girls as brokers. Out of the whole variety of girls brokers within the business, the share of personal life insurers was 57.33 per cent, and the general public sector was 42.67 per cent.
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