Life insurance premium volume to GDP in India
India: Life insurance premium volume to GDP was 2.7% in 2018. ▲ Rising
Life insurance premium volume to GDP in India, 1992–2018
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2018, life insurance premium volume to gdp in India stood at 2.7%.
Compared with earlier readings it is down 1.0% on the previous year and down 32.9% over ten years.
Over the whole period, life insurance premium volume to gdp in India peaked at 4.4% in 2009 and was at its lowest, 1.0%, in 1992.
That places India 26th out of 162 countries with data for 2018, putting it in the top quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Life insurance premium volume to GDP in India, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 1.0% | — |
| 1993 | 1.1% | +6.3% |
| 1994 | 1.1% | +1.1% |
| 1995 | 1.2% | +5.0% |
| 1996 | 1.1% | -0.9% |
| 1997 | 1.2% | +7.0% |
| 1998 | 1.3% | +3.3% |
| 1999 | 1.4% | +7.1% |
| 2000 | 1.7% | +22.7% |
| 2001 | 2.1% | +28.4% |
| 2002 | 2.2% | +3.4% |
| 2003 | 2.3% | +6.7% |
| 2004 | 2.6% | +8.9% |
| 2005 | 3.0% | +18.5% |
| 2006 | 3.9% | +27.3% |
| 2007 | 4.3% | +10.8% |
| 2008 | 4.1% | -4.8% |
| 2009 | 4.4% | +9.0% |
| 2010 | 4.0% | -9.8% |
| 2011 | 3.4% | -16.2% |
| 2012 | 3.0% | -11.1% |
| 2013 | 2.9% | -3.2% |
| 2014 | 2.7% | -6.9% |
| 2015 | 2.7% | +2.0% |
| 2016 | 2.8% | +1.9% |
| 2017 | 2.8% | -1.3% |
| 2018 | 2.7% | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.2% | 1.0% | 1.4% | 8 |
| 2000s | 3.1% | 1.7% | 4.4% | 10 |
| 2010s | 3.0% | 2.7% | 4.0% | 9 |
Countries ranked near India
More financial sector data for India
- Total reserves (gold at national valuation) (SDR), annual growth rate 3.02 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 4.72 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.83 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1021 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 275.79 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -3.62 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 287.54 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in India?
- Life insurance premium volume to gdp in India was 2.7% in 2018, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in India?
- The highest recorded value was 4.4% in 2009.
- What is the lowest life insurance premium volume to gdp recorded in India?
- The lowest recorded value was 1.0% in 1992.
- How does India rank for life insurance premium volume to gdp?
- India ranks 26th out of 162 countries with data for 2018.
- Is life insurance premium volume to gdp rising or falling in India?
- Over the last ten years it is down 32.9%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Life insurance premium volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Premium data is 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.