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Density of life and non-life insurance in India FY 2002-2021

Published by Statista Research Department, Jul 21, 2022
In financial year 2021, the life insurance density in India amounted to about 59 U.S. dollars, while the non-life insurance density was at 19 U.S. dollars. Insurance density is measured as insurance premium (in U.S. dollars) to total population.
Similar to the insurance penetration in India, the density also surged until fiscal year 2010, after which it saw a gradual decline. The numbers inched back up around fiscal year 2017 indicating a resurgence in the country's insurance density.

Density of life and non-life insurance across India from financial year 2002 to 2021 (premium per capita in U.S dollars)

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Release date

December 2021

Region

India

Survey time period

FY 2002 to FY 2021

Supplementary notes

Insurance density is measured as ratio of premium (in U.S. dollars) to total population.

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).

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