Retention ratio in motor insurance industry India FY 2014-2021

Published by Sandhya Keelery, Aug 30, 2024
At the end of financial year 2021, the Indian motor insurance industry had a 87 percent retention ratio. The ratio remained stable around 86 to 88 percent in recent years. The industry retention ratio is an important metric to understand the number of customers who continue their insurance coverage after the initial term has expired.

Retention ratio in motor insurance industry across India from financial year 2014 to 2021

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Release date

December 2021

Region

India

Survey time period

FY 2014 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.

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