India: Life insurance volume

* indicates monthly or quarterly data series
 India

Life insurance premium volume, percent of GDP

 Latest value 2.73
 Reference 2018
 Measure percent
 Source Swiss Re

For that indicator, we provide data for India from 1992 to 2018. The average value for India during that period was 2.47 percent with a minimum of 1.02 percent in 1992 and a maximum of 4.43 percent in 2009. The latest value from 2018 is 2.73 percent. For comparison, the world average in 2018 based on 147 countries is 1.56 percent. 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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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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