{"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"}