Page 41 - Insurance Times January 2023
P. 41
Year Penetration (%) Density (USD)
Life Non-Life Total Life Non-Life Total
2016-17 2.72 0.77 3.49 46.5 13.2 59.7
2017-18 2.76 0.93 3.69 55 18 73
2018-19 2.74 0.97 3.70 54 19 74
2019-20 2.82 0.94 3.76 58 19 78
2020-21 3.2 1.0 4.2 59 19 78
2021-22 3.2 1.0 4.2 69 22 91
Note:
1. Insurance penetration is measured as ratio of premium to GDP.
2. Insurance density is measured as ratio of premium to total population.
3. Figures may not add up to the total due to rounding off.
Source: Swiss Re, Sigma, Various Issues.
Insurance Penetration in India
Insurance Density in India
Source: Swiss Re, Sigma, Various Issues
36 January 2023 The Insurance Times
