In fiscal year 2021, private non-life insurers across India recorded gross direct insurance premiums worth over 980 billion Indian rupees. This was a significant increase from fiscal year 2002, when the total value was only a mere four billion Indian rupees.
Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021
(in billion Indian rupees)
Characteristic
Gross non-life insurance premiums in billion Indian rupees
India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.
One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).
Values have been rounded.
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 23, 2021). Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021 (in billion Indian rupees) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/
IRDA (India). "Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021 (in billion Indian rupees)." Chart. December 23, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/
IRDA (India). (2021). Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021 (in billion Indian rupees). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/
IRDA (India). "Value of Gross Non-life Insurance Premiums Written by Private Indian Insurers from Financial Year 2002 to 2021 (in Billion Indian Rupees)." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/
IRDA (India), Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021 (in billion Indian rupees) Statista, https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/ (last visited December 21, 2024)
Value of gross non-life insurance premiums written by private Indian insurers from financial year 2002 to 2021 (in billion Indian rupees) [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/664230/vaue-of-gross-direct-non-life-permuim-private-insurers-india/
