News From Press Number of life insurance policies bought by women shrinks 12% in 2019-20

Number of life insurance policies bought by women shrinks 12% in 2019-20

Overall, new individual policies issued by life insurers stood at 2.88 crore for 2019-20, registering a marginal rise of 0.69% over 2.86 crore policies sold in the previous year

Mint Feb 12, 2021

Rising awareness for insurance in the country over the past few years notwithstanding, the number of life plans bought by women during the financial year 2019-20 dropped 11.76% year-on-year, analysis of the data provided by Irdai in its annual report showed.

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