Gross Direct Premium (GDPI)

The Non-Life Insurance Industry in India has recorded CAGR of 16.73% in the period 2010-11 to 2019-20. The premium income, which was ₹46,949 Crores in 2010-11, has increased substantially to ₹1,88,916 Crores in 2019-20. 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 13.81% on an annual average basis from ₹53,515 Crores in 2010-11 to ₹1,95,202 Crores in 2019-20.

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 13.5% from ₹38,150 Crores in 2010-11 to ₹1,30,187 Crores in 2019-20. Similarly, Net Earned Premium (NEP) grew at a CAGR of 13.81% from ₹34,585 Crores in 2010-11 to ₹1,26,178 Crores in 2019-20. 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