Gross direct premium of non-life insurance collected in India FY 2024, by segment

Published by Sandhya Keelery, Aug 30, 2024
In the financial year 2024, the non-life insurance sector in India was led by health insurance segment with a gross direct premium of 704.8 billion Indian rupees. Motor insurance followed closely with a premium of 579.28 billion Indian rupees, reflecting the vast number of vehicles insured.

Gross direct premium of non-life insurance collected in India in financial year 2024, by segment (in billion Indian rupees)

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Release date

December 2023

Region

India

Survey time period

FY 2024

Supplementary notes

Only includes data up to November 2023

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of January 2024).

Values have been rounded for clarity.

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Statistics on " Non-life insurance in India "

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Other statistics that may interest you Non-life insurance in India

Overview

5

Types of insurers

6

Health insurance

3

Motor insurance

3

Other insurances

5

Key players

4

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Topics

Non-life insurance industry in IndiaLife insurance worldwideValuation of non-life insurance sector in global perspectiveInsurance industry in IndiaGlobal insurance industry
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