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According to the Insurance Regulatory and Development Authority’s annual report 2023, 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. 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.
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