{
  "format": "india-by-the-numbers.series.v1",
  "id": "household/insurance-depth",
  "name": "Insurance penetration and coverage",
  "hub": "Household",
  "topic": "Insurance",
  "moduleIds": [
    "insurance-depth"
  ],
  "url": "https://data.indiadispatch.com/household/insurance-penetration",
  "period": "2024-25",
  "periodKey": "2024-25",
  "latest": {
    "formattedValue": "2.7%"
  },
  "source": {
    "name": "Insurance Regulatory and Development Authority of India",
    "url": "https://irdai.gov.in/handbook-of-indian-insurance"
  },
  "numericValue": 2.7,
  "unit": "percent",
  "measure": "penetration_percent",
  "cadence": "Annual",
  "version": "878819025dd0ed20f86f08657792cbccb2e1f1978bb572c741ef0bf8813034f2",
  "dateModified": "2026-10-05T05:33:24.257Z",
  "coverage": "2014-04-01/2025-03-31",
  "notes": [
    "The table retains the source’s published periods. Missing observations are not zero and have not been interpolated.",
    "Annual insurance business, policies in force and people covered. A policy or covered life is not necessarily a unique person."
  ],
  "license": {
    "name": "Creative Commons Attribution 4.0 International",
    "url": "https://creativecommons.org/licenses/by/4.0/",
    "scope": "India Dispatch's original compiled tables and editorial text"
  },
  "sourceRights": "Underlying source publishers retain their own rights. This license does not grant rights to publisher documents, branding or other third-party material.",
  "attribution": "India by the numbers, Insurance penetration and coverage, 2024-25, https://data.indiadispatch.com/household/insurance-penetration. Source: Insurance Regulatory and Development Authority of India.",
  "valueRepresentation": "Table cells are the publication's formatted observations, with units retained. Missing observations are not zero. Numeric latest amounts, where present, are separately labelled INR and USD.",
  "tables": [
    {
      "title": "Life insurance",
      "temporalCoverage": "2014-04-01/2025-03-31",
      "columns": [
        "Fiscal year",
        "Penetration",
        "Density usd",
        "New business premium",
        "Total premium",
        "New policies",
        "Policies in force",
        "Existing business premium"
      ],
      "rows": [
        {
          "id": "2014-15",
          "cells": [
            "2014-15",
            "2.6%",
            "$44",
            "₹1.13 trillion · $11.8 billion",
            "₹3.28 trillion · $34.1 billion",
            "25.91 million",
            "326.3 million",
            "₹2.15 trillion · $22.3 billion"
          ]
        },
        {
          "id": "2015-16",
          "cells": [
            "2015-16",
            "2.72%",
            "$43.2",
            "₹1.39 trillion · $14.4 billion",
            "₹3.67 trillion · $38.1 billion",
            "26.74 million",
            "327.07 million",
            "₹2.28 trillion · $23.7 billion"
          ]
        },
        {
          "id": "2016-17",
          "cells": [
            "2016-17",
            "2.72%",
            "$46.5",
            "₹1.75 trillion · $18.2 billion",
            "₹4.18 trillion · $43.4 billion",
            "26.46 million",
            "328.44 million",
            "₹2.43 trillion · $25.3 billion"
          ]
        },
        {
          "id": "2017-18",
          "cells": [
            "2017-18",
            "2.76%",
            "$55",
            "₹1.94 trillion · $20.2 billion",
            "₹4.59 trillion · $47.6 billion",
            "28.2 million",
            "331.49 million",
            "₹2.65 trillion · $27.5 billion"
          ]
        },
        {
          "id": "2018-19",
          "cells": [
            "2018-19",
            "2.74%",
            "$55",
            "₹2.15 trillion · $22.3 billion",
            "₹5.08 trillion · $52.8 billion",
            "28.65 million",
            "333.69 million",
            "₹2.93 trillion · $30.4 billion"
          ]
        },
        {
          "id": "2019-20",
          "cells": [
            "2019-20",
            "2.82%",
            "$58",
            "₹2.59 trillion · $26.9 billion",
            "₹5.73 trillion · $59.5 billion",
            "28.85 million",
            "333.21 million",
            "₹3.14 trillion · $32.6 billion"
          ]
        },
        {
          "id": "2020-21",
          "cells": [
            "2020-21",
            "3.2%",
            "$59",
            "₹2.79 trillion · $28.9 billion",
            "₹6.29 trillion · $65.3 billion",
            "28.13 million",
            "332.09 million",
            "₹3.5 trillion · $36.3 billion"
          ]
        },
        {
          "id": "2021-22",
          "cells": [
            "2021-22",
            "3.2%",
            "$69",
            "₹3.15 trillion · $32.7 billion",
            "₹6.93 trillion · $71.9 billion",
            "29.11 million",
            "328.68 million",
            "₹3.78 trillion · $39.2 billion"
          ]
        },
        {
          "id": "2022-23",
          "cells": [
            "2022-23",
            "3%",
            "$70",
            "₹3.71 trillion · $38.5 billion",
            "₹7.83 trillion · $81.2 billion",
            "28.47 million",
            "328.3 million",
            "₹4.11 trillion · $42.7 billion"
          ]
        },
        {
          "id": "2023-24",
          "cells": [
            "2023-24",
            "2.8%",
            "$70",
            "₹3.78 trillion · $39.3 billion",
            "₹8.3 trillion · $86.2 billion",
            "29.18 million",
            "329.5 million",
            "₹4.52 trillion · $46.9 billion"
          ]
        },
        {
          "id": "2024-25",
          "cells": [
            "2024-25",
            "2.7%",
            "$72",
            "₹3.98 trillion · $41.3 billion",
            "₹8.86 trillion · $92 billion",
            "27.02 million",
            "326.9 million",
            "₹4.88 trillion · $50.7 billion"
          ]
        }
      ]
    },
    {
      "title": "Non-life insurance",
      "temporalCoverage": "2013-04-01/2025-03-31",
      "columns": [
        "Fiscal year",
        "Penetration",
        "Density usd",
        "Gross premium",
        "New policies"
      ],
      "rows": [
        {
          "id": "2013-14",
          "cells": [
            "2013-14",
            "0.8%",
            "$11",
            "₹799.34 billion · $8.3 billion",
            "104.82 million"
          ]
        },
        {
          "id": "2014-15",
          "cells": [
            "2014-15",
            "0.7%",
            "$11",
            "₹871.51 billion · $9.05 billion",
            "120.22 million"
          ]
        },
        {
          "id": "2015-16",
          "cells": [
            "2015-16",
            "0.72%",
            "$11.5",
            "₹993.33 billion · $10.3 billion",
            "125.76 million"
          ]
        },
        {
          "id": "2016-17",
          "cells": [
            "2016-17",
            "0.77%",
            "$13.2",
            "₹1.31 trillion · $13.6 billion",
            "154.26 million"
          ]
        },
        {
          "id": "2017-18",
          "cells": [
            "2017-18",
            "0.93%",
            "$18",
            "₹1.53 trillion · $15.9 billion",
            "170.77 million"
          ]
        },
        {
          "id": "2018-19",
          "cells": [
            "2018-19",
            "0.97%",
            "$19",
            "₹1.72 trillion · $17.9 billion",
            "191.18 million"
          ]
        },
        {
          "id": "2019-20",
          "cells": [
            "2019-20",
            "0.94%",
            "$19",
            "₹1.92 trillion · $20 billion",
            "241.51 million"
          ]
        },
        {
          "id": "2020-21",
          "cells": [
            "2020-21",
            "1%",
            "$19",
            "₹2.02 trillion · $21 billion",
            "246.73 million"
          ]
        },
        {
          "id": "2021-22",
          "cells": [
            "2021-22",
            "1%",
            "$22",
            "₹2.24 trillion · $23.3 billion",
            "265.67 million"
          ]
        },
        {
          "id": "2022-23",
          "cells": [
            "2022-23",
            "1%",
            "$22",
            "₹2.6 trillion · $27 billion",
            "301.81 million"
          ]
        },
        {
          "id": "2023-24",
          "cells": [
            "2023-24",
            "1%",
            "$25",
            "₹2.94 trillion · $30.5 billion",
            "335.99 million"
          ]
        },
        {
          "id": "2024-25",
          "cells": [
            "2024-25",
            "1%",
            "$25",
            "₹3.12 trillion · $32.4 billion",
            "391.35 million"
          ]
        }
      ]
    },
    {
      "title": "Health-insurance coverage",
      "temporalCoverage": "2015-04-01/2025-03-31",
      "columns": [
        "Fiscal year",
        "Government people",
        "Group people",
        "Family floater people",
        "Individual people",
        "Total people",
        "Retail people"
      ],
      "rows": [
        {
          "id": "2015-16",
          "cells": [
            "2015-16",
            "273.27 million",
            "57.04 million",
            "15.86 million",
            "12.8 million",
            "358.96 million",
            "28.65 million"
          ]
        },
        {
          "id": "2016-17",
          "cells": [
            "2016-17",
            "335.01 million",
            "70.47 million",
            "15.97 million",
            "16 million",
            "437.46 million",
            "31.97 million"
          ]
        },
        {
          "id": "2017-18",
          "cells": [
            "2017-18",
            "359.26 million",
            "89.45 million",
            "21.55 million",
            "11.72 million",
            "481.99 million",
            "33.28 million"
          ]
        },
        {
          "id": "2018-19",
          "cells": [
            "2018-19",
            "357.12 million",
            "72.85 million",
            "26.53 million",
            "15.54 million",
            "472.04 million",
            "42.06 million"
          ]
        },
        {
          "id": "2019-20",
          "cells": [
            "2019-20",
            "361.97 million",
            "93.52 million",
            "30.53 million",
            "12.69 million",
            "498.71 million",
            "43.23 million"
          ]
        },
        {
          "id": "2020-21",
          "cells": [
            "2020-21",
            "342.91 million",
            "118.69 million",
            "36.39 million",
            "16.75 million",
            "514.75 million",
            "53.14 million"
          ]
        },
        {
          "id": "2021-22",
          "cells": [
            "2021-22",
            "306.51 million",
            "162.29 million",
            "40.66 million",
            "10.96 million",
            "520.42 million",
            "51.62 million"
          ]
        },
        {
          "id": "2022-23",
          "cells": [
            "2022-23",
            "297.75 million",
            "199.4 million",
            "42.15 million",
            "10.74 million",
            "550.04 million",
            "52.89 million"
          ]
        },
        {
          "id": "2023-24",
          "cells": [
            "2023-24",
            "261.1 million",
            "255.91 million",
            "45.34 million",
            "10.52 million",
            "572.87 million",
            "55.86 million"
          ]
        },
        {
          "id": "2024-25",
          "cells": [
            "2024-25",
            "245.4 million",
            "275.1 million",
            "49.62 million",
            "10.53 million",
            "580.65 million",
            "60.15 million"
          ]
        }
      ]
    },
    {
      "title": "International comparisons",
      "temporalCoverage": "2024",
      "columns": [
        "Country",
        "Life penetration",
        "Nonlife penetration",
        "Total penetration",
        "Life density usd",
        "Nonlife density usd",
        "Total density usd"
      ],
      "rows": [
        {
          "id": "India",
          "cells": [
            "India",
            "2.7%",
            "1%",
            "3.7%",
            "$72",
            "$25",
            "$97"
          ]
        },
        {
          "id": "United States",
          "cells": [
            "United States",
            "2.7%",
            "9.4%",
            "12.1%",
            "$2,300",
            "$8,000",
            "$10,300"
          ]
        },
        {
          "id": "China",
          "cells": [
            "China",
            "2.4%",
            "1.9%",
            "4.2%",
            "$313",
            "$245",
            "$558"
          ]
        },
        {
          "id": "World",
          "cells": [
            "World",
            "3%",
            "4.3%",
            "7.3%",
            "$388",
            "$555",
            "$943"
          ]
        }
      ]
    }
  ],
  "downloads": {
    "json": "https://data.indiadispatch.com/data/series/household/insurance-penetration.json",
    "csv": "https://data.indiadispatch.com/data/series/household/insurance-penetration.csv"
  },
  "publicationArchive": "https://data.indiadispatch.com/archive/household/insurance-penetration"
}