Page 40 - Insurance Times May 2019

State / UT Policies per Policies Per 10,000 Policies Per 10,000
10000 Population male population female population
Andaman & Nicobar Islands 141 174 101
Andhra Pradesh 248 306 189
Arunachal Pradesh 83 107 58
Assam 236 313 156
Bihar 129 168 86
Chandigarh 774 1016 502
Chattisgarh 177 240 114
Dadar & Nagar Haveli 56 71 37
Daman & Diu 210 220 197
Delhi (Nct) 442 570 298
Goa 626 774 474
Gujarat 217 303 123
Haryana 238 329 135
Himachal Pradesh 337 444 226
Jammu & Kashmir 127 169 72
Jharkhand 159 223 90
Karnataka 244 301 184
Kerala 248 296 203
Lakshadweep 19 16 22
Madhya Pradesh 154 206 98
Maharashtra 301 411 183
Manipur 103 134 72
Meghalaya 57 72 41
Mizoram 43 50 35
Nagaland 80 109 48
Odisha 285 372 197
Puducherry 312 370 259
Punjab 220 294 138
Rajasthan 188 260 112
Sikkim 241 272 206
Tamil Nadu 221 266 176
Telangana 235 302 168
Tripura 258 347 166
Uttar Pradesh 133 185 77
Uttarakhand 288 394 179
West Bengal 290 380 195
All India 210 277 139
6. As can be seen, the three states with the highest number of policies sold per 10000 women are Chandigarh,Goa and
Delhi (NCR).
7. Further, the all-India average reveals that there are two men purchasing life insurance policies per every one woman. As
compared to this, in States/UTs such as Lakshadweep, Daman & Diu, Sikkim, Mizoram, Puducherry, Kerala, Tamil Nadu,
etc., the participation of women in life insurance is higher as compared to the all-India average. However, the ratio is more
skewed towards men in States/ UTs such as Jharkhand, Gujarat, Haryana, Uttar Pradesh, Jammu & Kashmir, Rajasthan
etc., where a relatively lower proportion of women purchased life insurance policies as compared to the national average.
8. A look at the participation of women in Life Insurance Marketing as Insurance Agents:
a. 579220 women are working as agents in the Life Industry making it 27.81% of the total agency force as at
31.3.2018. Of these, 49.53% are employed by Private Insurers and 50.47% by LIC.
b. Among the private life insurers, Max Life Insurance Co has highest percentage of women agents at 46.11%
followed by IDBI Federal Life Ins. Co at 39.17% and AEGON Life Insurance Co at 34.10%.

Courtsy : IRDAI Annual Report 2018
40 The Insurance Times, May 2019