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Statistics (Indian & Global)

This section gives the users important and detailed statistics of the Indian as well as the Global insurance industry. These statistics would give important insights of where the respective markets are headed for.

• The global life insurance market stands at $1,521.2 billion while the non-life insurance market is placed at $922.4 billion.

• The United States itself accounts for about one-third of the $2443.6 billion global insurance market and Japan stands next with a 20.62% share.

• India takes the 23rd position with US $9.933 billion annual premium collections and a meagre 0.41% share.

• Out of one billion people in India, only 35 million people are covered by insurance.

• India's life insurance premium as a percentage of GDP is just 1.77 per cent.

• The income derived by GIC and its subsidiary companies through investment was Rs.2491.76 crore and the investible funds generated was Rs.2843 crore in 1999-2000.

• Indian insurance market is set to touch $25 billion by 2010, on the assumption of a 7 per cent real annual growth in GDP.

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