{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"in-non-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/in-non-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/in-non-life-insurance-penetration-gdp/","title":"India Non-Life Insurance Premium Penetration (% of GDP) (2020)","description":"India's Non-Life Insurance Premium Penetration (% of GDP): 1 % of GDP in 2020, unchanged 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 Non-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":"1","unit":"% of GDP","trend":{"direction":"neutral","value":"unchanged YoY"}},{"label":"YoY Change","value":"unchanged","unit":"percentage points"},{"label":"Trend","value":"neutral","unit":""},{"label":"Series length","value":"6","unit":"years of data"}],"series":[{"key":"value","label":"India Non-Life Insurance Premium Penetration (% of GDP)"}],"observation_count":6,"observations":[{"period":"2011","value":0.502},{"period":"2015","value":0.721},{"period":"2016","value":0.851},{"period":"2017","value":0.898},{"period":"2019","value":0.956},{"period":"2020","value":1.018}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2020","value":"1.0","yoyChange":"unchanged"},{"year":"2019","value":"1.0","yoyChange":"n/a"},{"year":"2017","value":"0.9","yoyChange":"unchanged"},{"year":"2016","value":"0.9","yoyChange":"+0.2pp"},{"year":"2015","value":"0.7","yoyChange":"n/a"},{"year":"2011","value":"0.5","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in India from 2000 to present. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage 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 1 % of GDP in 2020 and reached its lowest recorded value of 0.5 in 2011. The latest reading of 1 in 2020 is unchanged on the previous period."}]}