India: Life insurance premium volume, percent of GDP: For that indicator, Swiss Re provides data for India from 1993 to 2014. The average value for India during that period was 2.06 percent with a minumum of 0.92 percent in 1993 and a maximum of 3.58 percent in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.