Gross Direct Premium (GDPI)

The Non-Life Insurance Industry in India has recorded CAGR of 14.64% in the period 2011-12 to 2020-21. The premium income, which was ₹58,090 Crores in 2011-12, has increased substantially to ₹1,98,715 Crores in 2020-21. 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 but continued to remained healthy until 2017-18, is again seeing a decline.



Gross Written Premium (GWP)

Gross Written Premium (both domestic and international business) grew by 11.73% on an annual average basis from ₹68,249 Crores in 2011-12 to ₹206,906 Crores in 2020-21 with a CAGR of 13.11%.

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 13.28% from ₹47,852 Crores in 2011-12 to ₹147,038 Crores in 2020-21. Similarly, Net Earned Premium (NEP) grew at a CAGR of 13.90% from ₹42,641 Crores in 2011-12 to ₹137,620 Crores in 2020-21. 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