{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"in-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/in-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/in-life-insurance-penetration-gdp/","title":"India Life Insurance Premium Penetration (% of GDP) (2020)","description":"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.","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 Life 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":"3.2","unit":"% of GDP","trend":{"direction":"up","value":"+0.3pp YoY"}},{"label":"YoY Change","value":"+0.3pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"6","unit":"years of data"}],"series":[{"key":"value","label":"India Life Insurance Premium Penetration (% of GDP)"}],"observation_count":6,"observations":[{"period":"2011","value":3.338},{"period":"2015","value":2.664},{"period":"2016","value":2.719},{"period":"2017","value":2.684},{"period":"2019","value":2.85},{"period":"2020","value":3.167}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2020","value":"3.2","yoyChange":"+0.3pp"},{"year":"2019","value":"2.9","yoyChange":"n/a"},{"year":"2017","value":"2.7","yoyChange":"unchanged"},{"year":"2016","value":"2.7","yoyChange":"unchanged"},{"year":"2015","value":"2.7","yoyChange":"n/a"},{"year":"2011","value":"3.3","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"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 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."}]}