India Life Insurance Premium Penetration (% of GDP) (2020)
India's Life Insurance Premium Penetration (% of GDP): 3.2 % of GDP in 2020, +0.3pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2011–2020.
India (2020)
3.2
% of GDP
+0.3pp YoY
YoY Change
+0.3pp
percentage points
Trend
up
Series length
6
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2020 | 3.2 | +0.3pp |
| 2019 | 2.9 | n/a |
| 2017 | 2.7 | unchanged |
| 2016 | 2.7 | unchanged |
| 2015 | 2.7 | n/a |
| 2011 | 3.3 | n/a |
About this Dataset
India recorded 3.2 % of GDP in 2020. The latest change was +0.3pp. Across 2011–2020 the series ranges from 2.7 in 2015 to 3.3 in 2011.
This page tracks life insurance gross written premiums as a share of GDP in India from 2000 to present. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks life insurance gross written premiums as a share of GDP in India from 2000 to present. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel. 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 peaked at 3.3 % of GDP in 2011 and reached its lowest recorded value of 2.7 in 2015. The latest reading of 3.2 in 2020 represents a change of +0.3pp.