Building a Stronger Insurance Landscape for India
Connecting stakeholders, advocating for best practices, and empowering consumers with trusted, transparent life insurance information.
Fuelling India's life insurance sector growth
*₹46.4K + Cr
Deployed Capital
*₹4.6K+ Cr
Infrastructure Funding
*₹11K+
Nationwide Branches
Fuelling India's life insurance sector growth
*₹46.4K + Cr
Deployed Capital
OUR MISSION
Who We Are
Life Insurance Council is a forum that connects the various stakeholders of the sector.
Life Insurance Council is a forum that connects the various stakeholders of the sector. It develops and coordinates all discussions between the Government, Regulator and the Public. In short, it is the face of the Life Insurance industry.
Constituted under Sec.64C of Insurance Act 1938, the Life Insurance Council functions through several sub-committees and includes all life insurance companies in India. In total, there are 26 life insurers who offer a variety of traditional and new innovative products.
To play a significant and complementary role in transforming India's life insurance
industry into a vibrant, trustworthy and profitable service, helping people in their journey to prosperity.
Objective
Our Mission
To function as an
active forum to aid, advise and assist insurers in maintaining high standards of conduct and service to policyholders.
Actively participate in spreading
insurance awareness in India.
Interact with
the Government and other bodies on policy matters.
Help India Enjoy
the benefits of global practices.
Take steps to develop
education and research in insurance.
FUNCTION
Some of our functions
Positive Image
Creating a positive image of the industry and enhancing consumer confidence..
Awareness
Promoting awareness of the role and benefits of life insurance.
Ethics & Governance
Maintaining high standards of ethics and governance.
Government Discussions
Organizing structured and proactive discussions with Government, lawmakers and regulators.
Research & Development
Conducting research in life insurance, publish monographs and contribute to development of the sector.
Financial Sector Interaction
Acting as forum of interaction with other organizations of the financial services sector.
Education & Training
Playing a leading role in insurance education, research, training and conferences..
Member Support
Providing help and guidance to members when necessary.
Global Link
Be an active link between the Indian life insurance industry and the global markets.
Industry Overview
The Life Insurance Industry in India
The sector of life insurance has witnessed immense growth in the past few years. Today, it is second only to banks for mobilized savings and forms a formidable part of the capital market.
The life insurance sector controls
Another indication of the sector's growth is its infrastructural strength.
*More than Rs. 46,449 crore of deployed capital
Fuelling India's life insurance sector growth
*Over Rs. 52,49,271 crore of managed assets
Responsible management of assets, ensuring financial security and stability for policyholders.
*Investments infrastructure exceeding Rs 4,58,614 crore
Fuelling India's life insurance sector growth
Today the life insurance sector comprises of
24.43 L+
Agents
11045 K+
Nationwide Branches
3.5 L
Growing Team
32.71 Cr
In-force Policies
*The above figures are provisional as of 31st March, 2022.
Holidays