Value of agricultural insurance gross premiums collected in India FY 2017-2023

Published by Statista Research Department, Feb 27, 2024

In the financial year 2023, Indian agriculture insurers had underwritten gross premiums amounting to 279 bilion Indian rupees. This decreased from last financial year when the collected premium amounted to nearly 296 billion Indian rupees. Gross premiums underwritten by agriculture insurers saw a gradual increase from the financial year 2017 to the financial year 2020.

Value of agricultural insurance gross premiums collected in India from financial year 2017 to 2023 (in billion Indian rupees)

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Release date

July 2023

Region

India

Survey time period

FY 2017 to 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 February 2024).

Values have been rounded for clarity.

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