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Select Year
Year
Life
$ per person
Non Life
$ per person
| Year | Total | Life | Non Life |
|---|---|---|---|
| 2001-02 | 11.5 | 9.1 | 2.4 |
| 2002-03 | 14.7 | 11.7 | 3 |
| 2003-04 | 16.4 | 12.9 | 3.5 |
| 2004-05 | 19.7 | 15.7 | 4 |
| 2005-06 | 22.7 | 18.3 | 4.4 |
| 2006-07 | 38.4 | 33.2 | 5.2 |
| 2007-08 | 46.6 | 40.4 | 6.2 |
| 2008-09 | 47.4 | 41.2 | 6.2 |
| 2009-10 | 54.3 | 47.7 | 6.7 |
| 2010-11 | 64.4 | 55.7 | 8.7 |
| 2011-12 | 59 | 49 | 10 |
| 2012-13 | 53.2 | 42.7 | 10.5 |
| 2013-14 | 52 | 41 | 11 |
| 2014-15 | 55 | 44 | 11 |
| 2015-16 | 54.7 | 43.2 | 11.5 |
| 2016-17 | 59.7 | 46.5 | 13.2 |
| 2017-18 | 73 | 55 | 18 |
| 2018-19 | 74 | 54 | 19 |
| 2019-20 | 78 | 58 | 19 |
| 2020-21 | 78 | 59 | 19 |
| 2021-22 | 91 | 69 | 22 |
| 2022-23 | 92 | 70 | 22 |
| 2023-24 | 95 | 70 | 25 |
Insurance density along with insurance penetration are the indicators of a country's insurance sector development over the years. Insurance density is measured as the ratio of premiums collected by insurance companies (in US Dollars) to the total population of the country.
The overall insurance density in India (2023-24) stands at 95 USD wherein the life insurance category accounts for 70 USD and the non-life category accounts for 25 USD.