{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"in-insurance-penetration-gdp","url":"https://apiardata.com/statistics/in-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/in-insurance-penetration-gdp/","title":"India Insurance Premium Penetration (% of GDP) (2020)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","India","2020"],"publisher":"OECD","frequency":"Annual","geography":"India","temporal_coverage":"2011/2020","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2020","variable_measured":"India Insurance Premium Penetration (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"OECD","url":"https://data-explorer.oecd.org/vis?fs[0]=Topic%2C0%7CFinancial+sector%23FIN%23&pg=0&fc=Topic&bp=true&snb=10"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2011–2020"},{"label":"Observations","value":"6"},{"label":"Geography","value":"India"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"India (2020)","value":"4.2","unit":"% of GDP","trend":{"direction":"up","value":"+0.4pp YoY"}},{"label":"YoY Change","value":"+0.4pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"6","unit":"years of data"}],"series":[{"key":"value","label":"India Insurance Premium Penetration (% of GDP)"}],"observation_count":6,"observations":[{"period":"2011","value":3.84},{"period":"2015","value":3.386},{"period":"2016","value":3.57},{"period":"2017","value":3.582},{"period":"2019","value":3.806},{"period":"2020","value":4.185}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2020","value":"4.2","yoyChange":"+0.4pp"},{"year":"2019","value":"3.8","yoyChange":"n/a"},{"year":"2017","value":"3.6","yoyChange":"unchanged"},{"year":"2016","value":"3.6","yoyChange":"+0.2pp"},{"year":"2015","value":"3.4","yoyChange":"n/a"},{"year":"2011","value":"3.8","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total insurance gross written premiums as a share of GDP in India from 2000 to present. Insurance penetration is the primary measure of financial services sector development and household risk protection depth. It is published by OECD and updated annually."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"The series peaked at 4.2 % of GDP in 2020 and reached its lowest recorded value of 3.4 in 2015. The latest reading of 4.2 in 2020 represents a change of +0.4pp."}]}