In financial year 2021, insurance companies in India covered over one billion lives under personal accident insurances. The number of lives covered by private companies decreased significantly compared to the previous year.
One individual can be administered under several policies or plans at one insuring company. Furthermore, one individual may also be insured at more than one company.
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Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector
(in millions)
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IRDA (India). (December 23, 2021). Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector (in millions) [Graph]. In Statista. Retrieved June 11, 2025, from https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/
IRDA (India). "Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector (in millions)." Chart. December 23, 2021. Statista. Accessed June 11, 2025. https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/
IRDA (India). (2021). Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector (in millions). Statista. Statista Inc.. Accessed: June 11, 2025. https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/
IRDA (India). "Number of Lives Covered under Personal Accident Insurance from Financial Year 2014 to 2021, by Sector (in Millions)." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/
IRDA (India), Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector (in millions) Statista, https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/ (last visited June 11, 2025)
Number of lives covered under personal accident insurance from financial year 2014 to 2021, by sector (in millions) [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/657254/number-of-people-with-personal-accident-insurance-india/