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, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $3,561.0
2011 4,046.0
2012 4,463.0
2013 4,962.0
2014 7,277.0

(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.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $14,590
Life premiums 55,299
Total premiums $69,889
Percent of total world premiums 1.46%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company INR Mn USD Mn
New India 137,276.1 2,276.6
National 102,609.7 1,701.7
United India 97,089.3 1,610.1
Oriental 72,825.4 1,207.7
ICICI Lombard 68,561.6 1,137.0
Bajaj Allianz 45,164.5 749.0
AIC (Crop) 33,950.1 563.0
IFFCO Tokio 29,309.2 486.1
HDFC Ergo 29,069.9 482.1
Reliance General 23,888.2 396.2

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company INR Mn USD Mn
LIC 2,369,423.0 39,293.9
ICICI Prudential 124,286.5 2,061.1
HDFC Standard 120,629.0 2,000.5
SBI Life 107,386.0 1,780.9
Max Life 72,785.4 1,207.1
Bajaj Allianz 58,431.4 969.0
Birla Sun Life 48,330.5 801.5
Reliance 42,834.0 710.4
Kotak Mahindra 27,007.9 447.9
TATA AIA 23,237.0 385.4

Source: Axco Insurance Information Services.

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