India: Life insurance premium volume, percent of GDP, 1993 - 2017:
For that indicator, we provide data for India from 1993 to 2017. The average value for India during that period was 2.1 percent with a minimum of 0.89 percent in 1993 and a maximum of 3.58 percent in 2008.
The latest value from 2017 is 2.47 percent. For comparison, the world average in 2017 based on 101
countries is 1.92 percent.
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Longer historical series
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.
