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Density of life and non-life insurance across India from financial year 2002 to 2024 (premium per capita in U.S dollars)

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Sources

Release date

November 2024

Region

India

Survey time period

FY 2002 to FY 2024

Supplementary notes

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

India's financial year begins in April and ends in March. For example, FY 2025 started in April 2024 and ended in March 2025.

Citation formats

Density of life and non-life insurance in India FY 2002-2024

Published by Jenny Yang, May 27, 2025

In financial year 2024, the life insurance density in India amounted to about ** U.S. dollars, while the non-life insurance density was at ** 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.

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Statistics on " Non-life insurance in India "

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Overview

5

Types of insurers

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Health insurance

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Motor insurance

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Other insurances

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Key players

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Topics

Non-life insurance industry in IndiaLife insurance worldwideValuation of non-life insurance sector in global perspectiveInsurance industry in IndiaGlobal insurance industry
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