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)
Characteristic
Number of policies sold in millions
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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 July 03, 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 July 03, 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: July 03, 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 July 03, 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/