Number of policies sold by specialized insurers India FY 2011-2023

Published by Sandhya Keelery, Aug 30, 2024
In fiscal year 2023, Indian specialized insurers sold over 57 million insurance policies across the country. The reason for increase in sold policies from around eight million policies in 2019 was the inclusion of crop insurances under the Pradhan Mantri Fasal Bima Yojana (PMFBY).

Number of insurance policies sold by specialized insurers across India from financial year 2011 to 2023 (in millions)

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Release date

December 2023

Region

India

Survey time period

FY 2011 to FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

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