The above chart represents the number of life and non-life insurance policies issued by the companies between 2015 and 2019. In 2015, both insurances had the lowest figures. As time passes by, the number continues to increase and reaches its highest in 2019.
In 2015, few took the policies which was around 1,205,000 for life and 4,000,000 for non-life insurance. The digits seemed to increase gradually with time; meanwhile, in 2016 and 2017, the bar for non-life insurance was greater than life insurance. In 2016, 1,350,000 took life insurance policy and 1,400,000 took non-life insurance, whereas in 2017, around 1,700,000 insured for life term and 1,800,000 for non-life term policies. The life insurance maintains its pace again in later years. In 2019, life insurance policies reached 1,810,000 and non-life insurance had 1,800,000 individuals. And the policy holder quantity reached greatest in 2019 having almost around 2,000,000 life insurance policy and 1,950,000 non-life insurance holders.
The analysis about increasing craze for insurance policies can be made from above chart which reaches in the range of 2,000,000 for both in 2019 which was only 1,200,000 for life insurance and 4,000,000 for non-life insurance.
