Insurance Penetration, expressed as a percentage of GDP (at Current Prices), has increased from 0.66% in 2011-12 to 1.01% in 2020-21. (Economic figures were revised using 2011-12 as the base year which has led to a recalibration of Insurance Penetration figures.)

Chart 1.2.1Insurance Penetration

Source: RBI: Gross Domestic Product (current prices)
Council Compilation: Gross Domestic Premium Income