Value of general gross direct premiums India FY 2023, by insurer type

Published by Sandhya Keelery, Aug 30, 2024
In fiscal year 2023, private general insurers in India generated over one trillion Indian rupees in gross direct premiums. This was the highest value of gross direct premiums that year, followed by public insurers generating around 828 billion rupees. In total, the country saw more than two trillion rupees worth of gross direct premiums that year.

Value of general gross direct premiums across India in financial year 2023, by type of insurer (in billion Indian rupees)

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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 March 2024).

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