Gross Direct Premium (GDPI)

The Non-Life Insurance Industry in India has recorded CAGR of 18.06% in the period 2009-10 to 2018-19. The premium income, which was ₹38,043 Crores in 2009-10, has increased substantially to ₹169,448 Crores in 2018-19. Motor and Health segments remain the leading drivers of Premium growth.

Chart 3.4.1Gross Direct Premium Income - Indian Business

Source: Council Compilation as per source
data submitted by companies

Chart 3.4.2Growth Rate in Premium

Source: Council Compilation as per source
data submitted by companies

The growth rate of the Non-Life Insurance Industry which had slowed down during 2012-15 continues to remain healthy

Gross Written Premium (GWP)

Gross Written Premium (both domestic and international business) grew by 16.8 % on an annual average basis from ₹43,652 Crores in 2009-10 to ₹1,75,899 Crores in 2018-19.

ECGC and AIC are categorized separately for the purpose of analysis.

Chart 3.4.3Gross Written Premium

Source: Council Compilation as per source
data submitted by companies

Chart 3.4.4GWP share % by Type of Insurers

Source: Council Compilation as per source
data submitted by companies

The split of Rural and Urban in different Segments is shown below. Values shown are ₹ in Crores.

Chart 3.4.5GDPI - Rural vs Urban

Source: Council Compilation as per source
data submitted by companies

Net Written Premium & Net Earned Premium (NWP & NEP)

Net Written premium (NWP) grew at a CAGR of 16.4% from ₹30,697 Crores in 2009-10 to ₹1,20,387 Crores in 2018-19. Similarly, Net Earned Premium (NEP) grew at a CAGR of 16.7% from ₹28,287 Crores in 2009-10 to ₹1,13,334 Crores in 2018-19. NEP as a percentage of NWP has been consistently above 89% for the period under review

Chart 3.4.6Net Written Premium & Net Earned Premium Growth

Source: Council Compilation as per source
data submitted by companies