In fiscal year 2023, Indian specialized insurers sold over 57 million insurance policies across the country. The reason for increase in sold policies from around eight million policies in 2019 was the inclusion of crop insurances under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023
(in millions)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IRDA (India). (December 26, 2023). Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions) [Graph]. In Statista. Retrieved November 06, 2024, from https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/
IRDA (India). "Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions)." Chart. December 26, 2023. Statista. Accessed November 06, 2024. https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/
IRDA (India). (2023). Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 06, 2024. https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/
IRDA (India). "Number of Insurance Policies Sold by Specialized Insurers across India from Financial Year 2011 to 2023 (in Millions)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/
IRDA (India), Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions) Statista, https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/ (last visited November 06, 2024)
Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions) [Graph], IRDA (India), December 26, 2023. [Online]. Available: https://www.statista.com/statistics/1076565/india-number-of-policies-sold-by-specialized-insurers/
