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Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high

Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high

Friday, December 27, 2019, 4:39 PM

The benefits paid by life insurance companies have touched a record high of Rs 3.3 lakh crore in FY19. Data from the Insurance Regulatory and Development Authority of India (IRDAI) reveals that the benefits paid to constitute 64.88 percent of the gross premium underwritten in 2018-19. The previous high was Rs 2.78 lakh crore of benefits paid in FY18.
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