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)
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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 December 21, 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 December 21, 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: December 21, 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 December 21, 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/
