{"id":30,"date":"2019-07-17T07:39:04","date_gmt":"2019-07-17T07:39:04","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=30"},"modified":"2023-01-16T06:24:07","modified_gmt":"2023-01-16T06:24:07","slug":"macro-economic-insurance-indicators","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/indian-non-life-insurance-industry-analysis\/macro-economic-insurance-indicators\/","title":{"rendered":"Section 01: Macro-Economic &#038; Insurance Indicators"},"content":{"rendered":"\n<div style=\"float: left\">\n\t<h2 style=\"font-size: 25px; font-weight: bold; line-height: 40px; padding-bottom: 50px;\"><b>Macro-economic &amp;<br>Insurance Indicators<\/b><\/h2>\n\t<ul style=\"padding: 0 200px 50px 0;line-height: 35px;\">\n                <li style=\"font-size: 16px;\">India&#8217;s GDP (Current Prices) growth rate is once again increased almost 20% with respect to previous year after the decline in growth rate in the previous year.<\/li>\n\t\t<li style=\"font-size: 16px;\">The Indian General Insurance Industry in FY 2021-22 has continued its robust upward trend, achieving a 11.06% Year-on-Year growth with respect to Premium Income in India for 2020-21, and an 13.76% CAGR over a 10 Year Period.<\/li>\n                <li style=\"font-size: 16px;\">Insurance Density has almost increased three-fold over a 10-year period, showcasing the increased consumer demand for products from the Insurance sector.<\/li>\n\t\t<li style=\"font-size: 16px;\">The Industry has saw a decrease in its penetration figures, going from 1.01% in FY 2020-21 to 0.93% in FY 2021-22.<\/li>\n\t\t<li style=\"font-size: 16px;\">Services growth increased to 8.82% in FY 2021-22.<\/li>\n\t<\/ul>\n<\/div>\n<div style=\"float: right; right: 0px; margin-right: 8%; position: absolute;\">\n\t<h1 style=\"font-size: 120px; text-align: right; padding-top: 80px; padding-right: 20px; font-family: fantasy; color: #ef4143;\">01<\/h1>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macro-economic &amp;Insurance Indicators India&#8217;s GDP (Current Prices) growth rate is once again increased almost 20% with respect to previous year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":26,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/pages\/30"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/comments?post=30"}],"version-history":[{"count":51,"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/pages\/30\/revisions"}],"predecessor-version":[{"id":3465,"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/pages\/30\/revisions\/3465"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/pages\/26"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2021-22\/wp-json\/wp\/v2\/media?parent=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}