Total Gross Direct Premium Income (India & Abroad) stood at ₹ 3,11,666.40 Crores, in the year 2024-25 as against premium of ₹ 2,92,712.00 Crores reported in the previous year showing a growth of 6.5%. GDPI Figures for FY 2024-25 does not include long-term premiums not accounted as per IRDAI directive from October 1st 2024. The total long-term premium not accounted for, in the FY 2024-25, is Rs 6988.51 Crores. Had these premiums been accounted the over all growth rates would have been 8.9% over the previous year.
The share of Gross Direct Premium Income via Brokers has grown by approximately 38.0% in the FY 2024-25 as compared to 34.7% in the previous year.
Net commissions also exhibited continued uptrends, with growth figures reaching approximately 10%.
FY 2024-25 has seen a significant increase in claims. This has affected profitability. Gross Incurred
Claims ratio increased to 78.1% for the current financial year as against 73.0% in the previous year.
Industry Investment Incomes have also posted continued growth:
1. Investment income pertaining to policyholders was ₹ 38,711 Crores in FY 2024-25, representing a CAGR of around 11.8% p.a over a 10-year period.
2. Investment income pertaining to shareholders was ₹ 9,470 Crores in FY 2024-25, representing a CAGR of 7.5% p.a. over a 10-year period.
