GDPI & Policies

Gross Direct Premium income (in and outside India) written by non-life Insurance Industry increased from ₹1,73,483 Crores in 2018-19 to ₹1,92,193 Crores in 2019-20. 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 19.05 Crores in 2018-19 to 24.16 Crores in 2019-20. Proportion of number of policies issued in Overall Motor has decreased from 58.2% in 2018-19 to 53.3% in 2019-20 and Other Miscellaneous classes has increased from 11.3% in 2018-19 to 21.3% in 2019-20.

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