For that indicator, we provide data for India from 1990 to 2017. The average value for India during that period was 0.45 percent with a minimum of 0.37 percent in 1990 and a maximum of 0.57 percent in 2017.
The latest value from 2017 is 0.57 percent. For comparison, the world average in 2017 based on 104
countries is 1.24 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Ratio of non-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.