1 in 10 people in India do not have access to any form of insurance. While the average life insurance premium costs less than a pack of cigarettes, people tend to postpone their intent to buy. Learn why you should go for a life cover in this easy-to-understand infographic.

1. Life Insurance Facts
People in India do not have access to any form of Life Insurance
1 in 10
The average life
insurance premium
costs less than most car
insurance premiums
Why go for Life Insurance?
Financial Support
to Family
Recurring Income
for Family
Take care of
outstanding loans
Ability to pay for
large one-time
expenses
Some Life Insurance Facts
750 MIndia's Insurable
Population by 2020
74 YrsIndia's average Life
Expectancy by 2020
3.3% 6.2%India's Insurance
Penetration in 2015
Global Insurance
Penetration in 2015
Insurance Penetration
among BRICS
Insurance Penetration - BRICS
4%
1.3%
3.3%
3%
15.4%
Brazil
Russia
India
China
South Africa
0 5 10 15 20
Insurance Penetration -
2010 - 2015
Insurance Penetration: YoY
5.1%
4.1% 3.96% 3.9%
3.3%
2010 - 11
2011 - 12
2012 - 13
2013 - 14
2014 - 15
0
2.5
5
7.5
Sources:
Business Standard
IBEF: Insurance Sector in India
Adverse Affects of Low or No Insurance
50% or more
of a family's
income is lost
as a result of:
Serious Injury Serious Illness Premature death
of Primary
Earning Member