Penetration of life and non-life insurance in India FY 2002-2023

Penetration of life and non-life insurance across India from financial year 2002 to 2023

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Release date

December 2023

Region

India

Survey time period

FY 2002 to FY 2023

Supplementary notes

Insurance penetration is measured as ratio of premium (in U.S. dollars) to GDP (in U.S. dollars).

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

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