Lok Sabha Question No. 1127 (UNSTARRED), answered on 2016-07-22
Subject: LIC Subscribers
Ministry: FINANCE
Asked by: GOPALAKRISHNAN CHINNARAJ

## Government of India Ministry of Finance Department of Financial Services Lok Sabha Unstarred Question No. 1127

To be answered on Friday, July 22, 2016/Ashadha 31, 1938 (Saka)

## LIC Subscribers

## 1127. DR. C. GOPALAKRISHNAN:

Will the Minister of FINANCE be pleased to state:

- (a) whether  the  number  of  LIC  subscribers  has  been  reduced  with  the  advent  of  private insurance companies in the country;
- (b)  if so, the details thereof; and
- (c)  the  total  number  of  new  policy  holders  registered  in  LIC  during  the  last  three  years, State-wise?

## Answer

Minister of State in the Ministry of Finance (Shri Santosh Kumar Gangwar)

- (a) to (b)  The number of subscribers for LIC policies during the past three years 2012-13, 2013-14 and 2014-15 are as follows:
- (c) The total number of new policy holders registered in LIC during the last three years, statewise is enclosed at Annexure-A.

| Insurer                           | Number of Policies (Lakhs)   | Number of Policies (Lakhs)   | Number of Policies (Lakhs)   |
|-----------------------------------|------------------------------|------------------------------|------------------------------|
|                                   | 2012-13                      | 2013-14                      | 2014-15                      |
| LIC                               | 367.82                       | 345.12                       | 201.71                       |
| Private Insurers (other than LIC) | 74.05                        | 63.6                         | 57.37                        |

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## Annexure-A

|      |                           | F Y 2015-16     | F Y 2014-15     | F Y 2013-14      |
|------|---------------------------|-----------------|-----------------|------------------|
| S.No | State / Union Territory   | No. of Policies | No. of Policies | No. of Policies  |
| 1    | Andhra Pradesh            | 1081691         | 931966          | 2821212          |
| 2    | Arunachal Pradesh         | 5430            | 5655            | 7613             |
| 3    | Assam                     | 570603          | 538469          | 774584           |
| 4    | Bihar                     | 1057365         | 1110402         | 2114758          |
| 5    | Chattisgarh               | 292623          | 298060          | 692687           |
| 6    | Goa                       | 74492           | 75573           | 113804           |
| 7    | Gujarat                   | 1142515         | 1143759         | 2089087          |
| 8    | Haryana                   | 345549          | 354529          | 504691           |
| 9    | Himachal Pradesh          | 200560          | 176811          | 391086           |
| 10   | Jammu & Kashmir           | 117731          | 105509          | 179313           |
| 11   | Jharkhand                 | 400872          | 392178          | 693570           |
| 12   | Karnataka                 | 1369610         | 1301114         | 2456220          |
| 13   | Kerala                    | 786151          | 788825          | 1299832          |
| 14   | Madhya Pradesh            | 847017          | 761974          | 1351974          |
| 15   | Maharashtra               | 2380386         | 2472872         | 4260670          |
| 16   | Manipur                   | 15833           | 16294           | 27770            |
| 17   | Meghalaya                 | 9630            | 10251           | 9627             |
| 18   | Mirzoram                  | 2690            | 2109            | 3111             |
| 19   | Nagaland                  | 7978            | 8194            | 11781            |
| 20   | Orissa                    | 817902          | 765700          | 1300193          |
| 21   | Punjab                    | 432712          | 421672          | 739998           |
| 22   | Rajasthan                 | 1217469         | 1168466         | 1865007          |
| 23   | Sikkim                    | 9238            | 8398            | 12466            |
| 24   | Tamil Nadu                | 1277157         | 1315624         | 2193718          |
| 25   | Telangana                 | 716862          | 709590          | State not formed |
| 26   | Tripura                   | 84922           | 80163           | 125155           |
| 27   | Uttar Pradesh             | 2370186         | 2408578         | 3853793          |
| 28   | UttraKhand                | 214488          | 221697          | 461639           |
| 29   | West Bengal               | 2043364         | 1915422         | 2857268          |
| 30   | Andaman & Nicobar Islands | 3871            | 4081            | 5168             |
| 31   | Chandigarh                | 45426           | 44509           | 144151           |
| 32   | Dadra & Nagrahaveli       | 1243            | 1074            | 2079             |
| 33   | Daman & Diu               | 4210            | 4685            | 9644             |
| 34   | Delhi                     | 542187          | 543326          | 1062313          |
| 35   | Lakshadweep               | 82              | 76              | 91               |
| 36   | Puducherry                | 26478           | 30285           | 44357            |
|      | Total                     | 20516523        | 20137891        | 34480430         |