The insurance penetration across India at the end of the financial year 2022 stood at one percent. This was a slight increase compared to 0.94 percent in the previous year. Compared to the global average of four percent, India's insurance penetration is significantly low. Insurance penetration is the ratio of insurance premiums to the gross domestic product of the country.
General insurance penetration across India from financial year 2014 to 2022
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Other statistics that may interest you Insurance industry in India
Overview
5
- Premium Statistic Life and non-life insurance penetration in selected regions globally 2020-2022
- Premium Statistic Penetration of life and non-life insurance in India FY 2002-2023
- Premium Statistic Density of life and non-life insurance in India FY 2002-2023
- Premium Statistic Assets of insurance companies in India 2002-2022
- Premium Statistic Number of registered insurers in India FY 2023, by type and sector
Life insurance
5
- Premium Statistic Market share of life insurance industry India FY 2017-2023, by type of insurer
- Premium Statistic Value of total life insurance premiums in India FY 2002-2023
- Premium Statistic Value of total premiums written by private life insurers India FY 2003-2023
- Premium Statistic New individual life insurance policies in India FY 2017-2023, by sector
- Premium Statistic Life insurance investments India FY 2017-2023, by sector
Non-life insurance
5
- Premium Statistic General insurance penetration in India FY 2014-2022
- Premium Statistic Market share of general and health insurers India FY 2023, by type of insurer
- Premium Statistic Non-life premiums written in India FY 2023, by segment
- Premium Statistic Non-life insurers gross direct premiums income in India FY 2017-2023
- Premium Statistic Non-life insurance investments in India FY 2017-2023, by sector
Public sector
6
- Premium Statistic Largest life insurance companies globally December 2023, by market capitalization
- Premium Statistic Value of gross direct premiums of public general insurers India FY 2023
- Premium Statistic LIC's brand value 2016-2023
- Premium Statistic Public non-life insurers' market share India FY 2017-2023 by company
- Premium Statistic The New India Assurance's gross non-life insurance premiums FY 2013-2022
- Premium Statistic United India Insurance's gross non-life premiums FY 2002-2023
Private players
5
- Premium Statistic Leading private insurers in India FY 2023, by gross direct premium
- Premium Statistic ICICI Lombard's gross direct insurance premium income FY 2018-2023
- Premium Statistic HDFC ERGO gross non-life insurance premiums FY 2003-2023
- Premium Statistic Bajaj Allianz's total life insurance premium value FY 2002-2023
- Premium Statistic Tata AIG's gross non-life insurance premiums FY 2002-2023
Further related statistics
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- Gross written premium of health insurance sector India FY 2008-2021
- Health insurance market share India FY 2008-2021, by type of insurer
- GDPI of health insurance market India FY 2021, by type of insurer
- Health insurance sector market size India FY 2018-2030, by segment
- Private general insurance market share India FY 2019 by product
- Value of gross direct premium of insurance India FY 2002-2019
- Market share of general insurers in India FY 2002-2021, by type
- Gross direct premium income of retail and group health insurance India 2018-2030
- Gross direct premium income of government health insurance India 2018-2030
- Number of policies sold by stand-alone health insurers India FY 2010-2023
- Number of policies sold by specialized insurers India FY 2011-2023
- Non-life insurance density in India FY 2014-2023
- Market share of IFFCO Tokio India FY 2015-2020
- Value of premiums written per capita Thailand 2022, by category
- Life insurance premiums to GDP ratio in Portugal 2005-2020
- Peru: reasons for not having a private insurance 2016
- Insurance penetration rate in Kenya 2016-2022
- Usage based insurance penetration in Europe 2018
- Insurance penetration in India 2018-2019, by segment
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Statistics
- Gross written premium of health insurance sector India FY 2008-2021
- Health insurance market share India FY 2008-2021, by type of insurer
- GDPI of health insurance market India FY 2021, by type of insurer
- Health insurance sector market size India FY 2018-2030, by segment
- Private general insurance market share India FY 2019 by product
- Value of gross direct premium of insurance India FY 2002-2019
- Market share of general insurers in India FY 2002-2021, by type
- Gross direct premium income of retail and group health insurance India 2018-2030
- Gross direct premium income of government health insurance India 2018-2030
- Number of policies sold by stand-alone health insurers India FY 2010-2023
- Number of policies sold by specialized insurers India FY 2011-2023
- Non-life insurance density in India FY 2014-2023
- Market share of IFFCO Tokio India FY 2015-2020
- Value of premiums written per capita Thailand 2022, by category
- Life insurance premiums to GDP ratio in Portugal 2005-2020
- Peru: reasons for not having a private insurance 2016
- Insurance penetration rate in Kenya 2016-2022
- Usage based insurance penetration in Europe 2018
- Insurance penetration in India 2018-2019, by segment
IRDA (India). (February 3, 2023). General insurance penetration across India from financial year 2014 to 2022 [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/1075179/india-general-insurance-penetration/
IRDA (India). "General insurance penetration across India from financial year 2014 to 2022." Chart. February 3, 2023. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/1075179/india-general-insurance-penetration/
IRDA (India). (2023). General insurance penetration across India from financial year 2014 to 2022. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/1075179/india-general-insurance-penetration/
IRDA (India). "General Insurance Penetration across India from Financial Year 2014 to 2022." Statista, Statista Inc., 3 Feb 2023, https://www.statista.com/statistics/1075179/india-general-insurance-penetration/
IRDA (India), General insurance penetration across India from financial year 2014 to 2022 Statista, https://www.statista.com/statistics/1075179/india-general-insurance-penetration/ (last visited March 29, 2024)
General insurance penetration across India from financial year 2014 to 2022 [Graph], IRDA (India), February 3, 2023. [Online]. Available: https://www.statista.com/statistics/1075179/india-general-insurance-penetration/