Rural Premium

Other Miscellaneous segment in Rural premium is 56.20 in 2022-23, with the Crop Segment being the majority contributor. Additionally, motor captures a substantial share of the rural premium.

Chart 4.2.1Segment-wise share of Rural Premium - 2022-23

Source: Rural Premium Data information submitted by individual companies to IRDAI monthly.

Rural premium as a percentage of overall premium decreased slightly from 21.5% in 2021-22 to 21.2.% in 2022-23.

Chart 4.2.2Rural / Urban Premium Percentage of Overall GDPI

Source: Rural Premium Data information submitted by individual companies to IRDAI monthly.