Expense Ratio (Life) in Indian Insurance

Definition

Expense of Management as a percentage of gross premium income for life insurers, from L-22 analytical ratios. Life expense ratios are not directly comparable to non-life ratios due to the different premium structures (first-year vs renewal, linked vs non-linked).

Note: L-22 reports EOM for the quarter and year-to-date. Not the same denominator as non-life NWP.