India: Life insurance volume

* indicates monthly or quarterly data series
 India

Life insurance premium volume, percent of GDP

 Latest value 2.73
 Year 2018
 Measure percent
 Data availability 1992 - 2018
 Average 2.47
 Min - Max 1.02 - 4.43
 Source Swiss Re
 Available for Data download
The latest value from 2018 is 2.73 percent, a decline from 2.75 percent in 2017. In comparison, the world average is 1.56 percent, based on data from 147 countries. Historically, the average for India from 1992 to 2018 is 2.47 percent. The minimum value, 1.02 percent, was reached in 1992 while the maximum of 4.43 percent was recorded in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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 Recent values India: Life insurance volume
 2018 2.73
 2017 2.75
 2016 2.79
 2015 2.74
 2014 2.69
 2013 2.88
 2012 2.98
 2011 3.35




Definition: Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.

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