Infrastructure investments of the life insurance industry has risen by 5.2 per cent to Rs 3,06,492 crore as on March 31. Equity investments (at market value), however, dropped to Rs 5,95,389 crore as of FY16-end, compared to Rs 6,29,967 crore. This, said, insurers, was due to the volatility in the stock markets.
Data from the Life Insurance Council showed that the industry had seen a marginal increase in its branch presence in FY16 to 11,071, from 11,030 in FY15. Industry officials said this was on account of insurers primarily using bank branch networks to sell policies, apart from using other platforms like web aggregators and insurance marketing firms. These also included policies sold through micro-insurance agents and common services centres in rural areas.