Total Gross Direct Premium Income (India & Abroad) stood at ₹ 2,60,328 Crores, a 16.20% growth from FY 2021-22, and a CAGR of 14.10% over a 10-year period.
The share of Gross Direct Premium Income via Brokers has grown by approximately 26.3% over the previous year.
Net commissions also exhibited continued uptrends, with growth figures reaching approximately 10%.
FY 2021-22 has seen a significant increase in claims. This has affected profitability. Gross Incurred Claims ratio increased to 79.2% for the current financial year as against 73.2% in the previous year.
Industry Investment Incomes have also posted continued growth:
nvestment income pertaining to policyholders was ₹ 31,200 Crores in FY 2022-23, representing a CAGR of around 12.85% p.a over a 10-year period.
Investment income pertaining to shareholders was ₹ 7,276 Crores in FY 2021-22, representing a CAGR of 7.87% p.a. over a 10-year period.
