Market share of public sector motor insurance India FY 2008-2021

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2021, the public sector motor insurance across India had a market share of 34 percent, compared to 52 percent in the financial year of 2008. Public sector insurers saw a gradual decline in market share over the last ten years as competition with private insurers grew.

Public sector motor insurance market share across India from financial year 2008 to 2021

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Release date

December 2021

Region

India

Survey time period

FY 2008 to FY 2021

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).

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