Insurance penetration as a share of GDP in India 2024

Published by Sandhya Keelery, Jun 16, 2025

Insurance penetration accounted for a projected **** percent of India's GDP in 2024. Of this, life insurance had a higher penetration rate than non-life insurance in the country.

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Forecasted insurance penetration as a share of GDP in India in 2024

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Release date

January 2025

Region

India

Survey time period

2024

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Statistics on " Insurance industry in India "

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Other statistics that may interest you Insurance industry in India

Overview

6

Life insurance

5

Non-life insurance

5

Public sector

5

Private players

5

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Topics

Insurance industry in IndiaState of health in IndiaBanking industry in IndiaForeign direct investments in IndiaCommercial vehicles in India
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