Share of non-life insurance market in India FY 2023, by key segments

Published by Sandhya Keelery, Aug 30, 2024
In the financial year 2023, health insurance was the largest non-life insurance segment in India with 35 percent of the market share. It was closely followed by motor insurance with 32 percent of the total market share.

Share of non-life insurance market in India in financial year 2023, by key segments

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Release date

November 2023

Region

India

Survey time period

FY 2023

Supplementary notes

*Other insurance includes property, crop, margin, fire & others etc.

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

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Overview

5

Life insurance

5

Non-life insurance

5

Public sector

6

Private players

5

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