Number of registered insurers in India FY 2023, by type and sector

Published by Statista Research Department, Jan 18, 2024
At the end of financial year 2022, there were 67 insurers operating in India. Out of these, 24 were life insurers, 26 were general insurers and five were standalone health insurers. Additionally, the country also had 12 re-insurers including foreign reinsurer branches.

Number of registered insurers across India as of financial year 2023, based on type and sector

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Release date

December 2023

Region

India

Survey time period

FY 2023

Supplementary notes

*Data includes foreign reinsurers' branches and Lloyd's India.

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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