Rural Premium
Other Miscellaneous segment in Rural premium is 49.1 in 2023-24, 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 - 2023-24
Source: Rural Premium Data information submitted by individual companies to IRDAI monthly.
The share of rural premium in the total premium declined from 21.2% in 2022-23 to 18.5% in 2023-24.
Chart 4.2.2Rural / Urban Premium Percentage of Overall GDPI
Source: Rural Premium Data information submitted by individual companies to IRDAI monthly.