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PolicyX.Com Data Lab

Data Will Talk to You, If You are Willing to Listen

India's Insurance Industry Insights

$ per person (2023)

92

Insurance Density

% of GDP (2023)

4

Insurance Penetration

In (cr.) 2022-23

260327.81

Total General Insurers Premium

In (cr.) 2022-23

782503.96

Total Premium - Life Insurance

Life - Non Life (Year)

2022-23

Claim Settlement Ratio

Life Insurer (Year)

2022-23

Solvency Ratio (Life)

General Insurer (Year)

2022-23

Solvency Ratio (General)

An Initiative by PolicyX.com

About PolicyX.com Data Lab

PolicyX.com Data Lab was launched in 2020 to provide valuable insights into the insurance industry and its players. As one of the leading marketplaces in India, we have access to millions of customer data. Our team of data scientists collect this data from various sources like our own website, IRDAI reports and trusted external sources to analyze and disseminate valuable insights to the industry participants.

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