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Density of life and non-life insurance in India 2000-2019

Published by Statista Research Department, Mar 4, 2021
In 2019, the life insurance density in India amounted to about 58 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 2001 to 2019 (premium per capita in U.S dollars)

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Sources

Release date

February 2021

Region

India

Survey time period

2001 to 2019

Supplementary notes

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

One Indian rupee is equal to 0.014 U.S. dollars and 0.011 euros (as of January 2021).

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