Net incurred claims of general and health insurers in India FY 2023, by insurer type

Published by Sandhya Keelery, Aug 30, 2024

In the financial year 2023, public sector insurers in India had the highest net incurred claims at 706.43 billion Indian rupees. This was followed by private sector insurers at 602.02 billion Indian rupees.

Net incurred claims of general and health insurers in India in the financial year 2023, by insurer type (in billion Indian rupees)

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Release date

December 2023

Region

India

Survey time period

FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of June 2024). 

Values have been rounded for clarity.

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