Insurance Density, which reflects the per capita expenditure on Non-Life Insurance Premiums, has tripled since 2014-15. It rose from ₹1,798 last year to ₹2,009 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.