India

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Institute of India
Web: www.insuranceinstituteofindia.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 77,891,220
2012 78,868,711
2013 79,853,900
2014 1,236,344,631

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $3,319.0
2010 3,561.0
2011 4,046.0
2012 4,463.0
2013 4,962.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $13,401
Life premiums 52,174
Total premiums $65,576
Percent of total world premiums 1.41%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums 
Company INR Mn USD Mn
New India 100,379.5 1,878.5
United India 92,660.4 1,734.0
National  91,657.3 1,715.2
Oriental  65,524.0 1,226.2
ICICI Lombard  61,339.9 1,147.9
Bajaj Allianz  40,014.0 748.8
IFFCO Tokio  25,650.3 480.0
HDFC Ergo  24,532.0 459.1
Tata AIG  21,350.8 399.6
Reliance General  20,100.1 376.1

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums 
Company INR Mn USD Mn
LIC  2,088,035.8 35,510.8
ICICI Prudential  135,382.4 2,302.4
HDFC Standard  113,226.8 1,925.6
SBI Life  104,500.3 1,777.2
Bajaj Allianz  68,927.0 1,172.2
Max Life  66,387.0 1,129.0
Birla Sun Life  52,163.0 887.1
Reliance  40,453.9 688.0
Kotak Mahindra  27,777.8 472.4
TATA AIA  27,604.3 469.5

Source: Axco Insurance Information Services.

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