GDPI & Policies
Gross Direct Premium income (in India) written by non-life Insurance Industry increased from ₹1,98,715 Crores in 2020-21 to ₹2,20,700 Crores in 2021-22. Personal lines of business namely Motor, Health & Personal Accident insurance constituted more than two-thirds of the Non-Life Insurance premium. Crop insurance is an important segment in Other Misc class of business.
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 25.06 Crores in 2020-21 to 26.79 Crores in 2021-22. Proportion of number of policies issued in Overall Motor has increased from 53.8% in 2020-21 to 54.2% in 2021-22 and Other Miscellaneous classes has increased from 23.4% in 2020-21 to 26.1% in 2021-22.
Chart 4.1.2Segment-wise Policies Issued
Source: Form I of I to X and Council Compilation
Chart 4.1.3Segment-wise share of GDPI 2021-22
Chart 4.1.4Segment-wise share of Policies Issued 2021-22
Source: Form I of I to X and Council Compilation