GDPI & Policies

Gross Direct Premium income (in and outside India) written by non-life Insurance Industry increased from ₹1,53,438 crores in 2017-18 to ₹172,483 crores in 2018-19. Personal lines of business namely Motor and Health & Personal Accident insurance constituted close to two-thirds of the Non-Life Insurance premium. Crop insurance as an emerging segment comprises majority premium in Other Misc.

Chart 4.1.1Segment-wise share of GDPI

Source: Form I of I to X and Council Compilation

The number of policies issued increased from 17.62 Crores in 2017-18 to 19.05 Crores in 2018-19. Proportion of number of policies issued in Overall Motor has decreased from 68.9% in 2017-18 to 58.2% in 2018-19 and Other Miscellaneous classes has increased from 9% in 2017-18 to 11.3% in 2018-19.

Chart 4.1.2Segment-wise Policies Issued

Source: Form I of I to X and Council Compilation

Source: Form I of I to X and Council Compilation