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.
Select indicator
* indicates monthly or quarterly data series
Recent values
Economic outlook around the world
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.