India Insurance Premium Penetration (% of GDP) (2020)
India's Insurance Premium Penetration (% of GDP): 4.2 % of GDP in 2020, +0.4pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2011–2020.
India (2020)
4.2
% of GDP
+0.4pp YoY
YoY Change
+0.4pp
percentage points
Trend
up
Series length
6
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2020 | 4.2 | +0.4pp |
| 2019 | 3.8 | n/a |
| 2017 | 3.6 | unchanged |
| 2016 | 3.6 | +0.2pp |
| 2015 | 3.4 | n/a |
| 2011 | 3.8 | n/a |
About this Dataset
India recorded 4.2 % of GDP in 2020. The latest change was +0.4pp. Across 2011–2020 the series ranges from 3.4 % of GDP in 2015 to 4.2 % of GDP in 2020.
This page tracks total insurance gross written premiums as a share of GDP in India. Insurance penetration is the primary measure of financial services sector development and household risk protection depth.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks total insurance gross written premiums as a share of GDP in India. Insurance penetration is the primary measure of financial services sector development and household risk protection depth. It is published by OECD and updated annually.
The most recent observation covers 2020. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2011–2020 (6 observations).
The series is at its highest recorded level, 4.2 % of GDP in 2020, up from a low of 3.4 % of GDP in 2015. The latest change was +0.4pp.