PolicyX.com Data Lab

Data Will Talk to You, If You are Willing to Listen | India’s Insurance Industry Insights

Insurance Density

95

$ per person (2024)

Insurance Penetration

3.70

% of GDP (2024)

Total General Insurers Premium

1,72,978

In (cr.) 2023-24

Total Premium - Life Insurance

8,29,929

In (cr.) 2023-24

Claim Settlement Ratio

2023-24

Life - Non Life (Year)

Solvency Ratio (Life)

2023-24

Life Insurer (Year)

Solvency Ratio (General)

2023-24

General Insurer (Year)

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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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