In financial year 2023, the life insurance density in India amounted to about 70 U.S. dollars, while the non-life insurance density was at 22 U.S. dollars. Insurance density is measured as insurance premium (in U.S. dollars) to total population.
Similar to the insurance penetration in India, the density also surged until fiscal year 2010, after which it saw a gradual decline. The numbers inched back up around fiscal year 2017 indicating a resurgence in the country's insurance density.
Density of life and non-life insurance across India from financial year 2002 to 2023
(premium per capita in U.S dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IRDA (India). (December 26, 2023). Density of life and non-life insurance across India from financial year 2002 to 2023 (premium per capita in U.S dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/
IRDA (India). "Density of life and non-life insurance across India from financial year 2002 to 2023 (premium per capita in U.S dollars)." Chart. December 26, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/
IRDA (India). (2023). Density of life and non-life insurance across India from financial year 2002 to 2023 (premium per capita in U.S dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/
IRDA (India). "Density of Life and Non-life Insurance across India from Financial Year 2002 to 2023 (Premium per Capita in U.S Dollars)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/
IRDA (India), Density of life and non-life insurance across India from financial year 2002 to 2023 (premium per capita in U.S dollars) Statista, https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/ (last visited November 21, 2024)
Density of life and non-life insurance across India from financial year 2002 to 2023 (premium per capita in U.S dollars) [Graph], IRDA (India), December 26, 2023. [Online]. Available: https://www.statista.com/statistics/655408/life-and-non-life-insurance-density-india/