Insurance Density representing the per capita spend on Non-Life Insurance Premium has almost increased threefold since 2013-14. From ₹ 1563 of the previous year Insurance density increased to ₹ 1798 this year.

Chart 1.3.1Insurance Density

Source: RBI: Average INR-USD exchange rate
Council Compilation: Gross Domestic Premium
Note: Population figures taken from Census and associated publications. 2022-23 figures are provisional.
Rate of exchange from RBI are as on 31st March of the respective year.