India's largest and the only state-owned insurer LIC, however, posted a decline in premium income at Rs 8.32 lakh crore during 2019-20, the data from the Insurance Regulatory and Development Authority of India (Irdai) showed. LIC's premium collection stood at Rs 10.74 lakh crore during 2018-19. Its market share stood at 82.76 per cent as of March 31, 2020.source https://economictimes.indiatimes.com/industry/banking/finance/insure/life-insurance-companies-register-11-4-growth-in-premium-income-in-fy20/articleshow/75406448.cms
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