Non-life insurance premium volume to GDP in India
India: Non-life insurance premium volume to GDP was 0.7% in 2018. ▲ Rising
Non-life insurance premium volume to GDP in India, 1990–2018
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2018, non-life insurance premium volume to gdp in India stood at 0.7%.
That represents a change of down 2.4% on the previous year and up 37.0% over ten years.
Over the whole period, non-life insurance premium volume to gdp in India peaked at 0.7% in 2017 and was at its lowest, 0.5%, in 2000.
That places India 111th out of 167 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Non-life insurance premium volume to GDP in India, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.5% | — |
| 1991 | 0.5% | +11.6% |
| 1992 | 0.5% | -8.0% |
| 1993 | 0.5% | +0.7% |
| 1994 | 0.5% | -5.3% |
| 1995 | 0.5% | +5.6% |
| 1996 | 0.5% | +0.4% |
| 1997 | 0.5% | -0.6% |
| 1998 | 0.5% | -1.3% |
| 1999 | 0.5% | -3.1% |
| 2000 | 0.5% | -1.6% |
| 2001 | 0.5% | +8.0% |
| 2002 | 0.6% | +12.5% |
| 2003 | 0.6% | +2.6% |
| 2004 | 0.5% | -6.6% |
| 2005 | 0.5% | -3.8% |
| 2006 | 0.6% | +10.3% |
| 2007 | 0.5% | -8.7% |
| 2008 | 0.5% | -8.8% |
| 2009 | 0.5% | +4.7% |
| 2010 | 0.5% | -2.4% |
| 2011 | 0.5% | +7.8% |
| 2012 | 0.6% | +6.5% |
| 2013 | 0.6% | -1.2% |
| 2014 | 0.5% | -4.6% |
| 2015 | 0.5% | +1.6% |
| 2016 | 0.6% | +20.2% |
| 2017 | 0.7% | +4.0% |
| 2018 | 0.7% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.5% | 0.5% | 10 |
| 2000s | 0.5% | 0.5% | 0.6% | 10 |
| 2010s | 0.6% | 0.5% | 0.7% | 9 |
Countries ranked near India
More financial sector data for India
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in India?
- Non-life insurance premium volume to gdp in India was 0.7% in 2018, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in India?
- The highest recorded value was 0.7% in 2017.
- What is the lowest non-life insurance premium volume to gdp recorded in India?
- The lowest recorded value was 0.5% in 2000.
- How does India rank for non-life insurance premium volume to gdp?
- India ranks 111th out of 167 countries with data for 2018.
- Is non-life insurance premium volume to gdp rising or falling in India?
- Over the last ten years it is up 37.0%. 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 Non-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.