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% |
India compared with similar countries
- India's 2.7% is above the median for lower middle income countries, which is 0.4%, 7.2× the median. (37 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (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.