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, 2011-2015 (1)

Year Population
2011 77,891,220
2012 78,868,711
2013 79,853,900
2014 1,236,344,631
2015 1,251,695,584

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $4,046.0
2012 4,463.0
2013 4,962.0
2014 7,277.0
2015 7,965.0

(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, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $15,101
Life premiums 56,675
Total premiums $71,776
Percent of total world premiums 1.58%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2014

  Gross written premiums
Company INR Mn USD Mn
New India 137,276.1 2,249.3
National 102,609.7 1,681.3
United India 97,089.3 1,590.9
Oriental 72,825.4 1,193.3
ICICI Lombard 68,561.6 1,123.4
Bajaj Allianz 45,164.5 740.0
AIC (Crop) 33,950.1 556.3
IFFCO Tokio 29,309.2 480.3
HDFC Ergo 29,069.9 476.3
Reliance General 23,888.2 391.4

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2015

 

  Gross written premiums
Company INR Mn USD Mn
LIC  2,396,676.5 37,042.9
ICICI Prudential  153,066.2 2,365.8
HDFC Standard  148,299.0 2,292.1
SBI Life  128,671.1 1,988.7
Max Life  81,716.2 1,263.0
Bajaj Allianz  60,173.0 930.0
Birla Sun Life  52,332.2 808.8
Reliance  46,210.8 714.2
Kotak Mahindra  30,380.5 469.6
PNB MetLife  24,611.9 380.4

Source: Axco Insurance Information Services.

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