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Gross direct premiums of motor insurance in India in financial year 2023, by segment (in billion Indian rupees)

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Source

Release date

December 2023

Region

India

Survey time period

FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of February 2024).

Values have been rounded for clarity.

Citation formats

Gross direct premiums of motor insurance in India FY 2023, by segment

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 23, 2024

In the financial year 2023, motor third-party insurance had underwritten gross premiums amounting to nearly *** billion Indian rupees under the motor insurance segment in India. New India Assurance Company Limited was leading the motor insurance market in India. 

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