Year-wise Life Insurance Revenue Account of the Life Insurance Corporation of India

Data in the year-wise table tells us about the total Life Insurance revenue account of the Life Insurance Corporation of India by segregating the total amount into- amount as income, amount as outgo and amount as expenses of management in Million Rupees from 2001-02 to 2016-17. Note: 1) Includes refund of Income Tax 2) Income includes- Premium for Life Insurance and Annuities/ single(including consideration for annuities granted), First Year's, Renewal, Net Interest, Dividends and Rents and Other receipts 3) Outgo includes- Claims by death, Claims by survival, Surrenders including Bonus in reduction of premium, Annuities less re-insurance and Transfer of Reserve 4) Expenses of management includes- Commission to Insurance agents, Other Expenses, Indian Dominion and Foreign taxes, Miscellaneous and Increase to Life Insurance Fund"