Insurance Sector in India
Insurance Market & India: India is the fifth largest life insurance market in the world's emerging insurance markets, growing at a rate of 32-34% each year.
Composition: As of December 2021, the insurance industry of India has 57 insurance companies - 24 are in the life insurance business, while 34 are non-life insurers.
Insurance Penetration: India’s insurance penetration was pegged at 4.2% in FY21, with life insurance penetration at 3.2% and non-life insurance penetration at 1.0%.
- In terms of insurance density, India’s overall density stood at US$ 78 in FY21.
Private Sector Share: The market share of private sector companies in the general and ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Right to Change Name
- 2 Prevention of Damage to Public Property
- 3 Jan Vishwas (Amendment of Provisions) Act 2023
- 4 Rule 176 vs. Rule 267 of Rajya Sabha
- 5 Digital India Land Records Modernization Programme (DILRMP)
- 6 Right to Silence
- 7 Vibrant Villages Programme
- 8 Bribery Not Protected by Parliamentary Privileges: SC
- 9 SC Directions for Effective Implementation of POSH Act, 2013
- 10 e-Court Phase III
Prelims Special
- 1 Antimicrobial Resistance
- 2 Neglected Tropical Diseases (NTDs)
- 3 Immunization to All (Universal Immunization)
- 4 Integrated & Comparative Health (One Health Approach)
- 5 Space Debris
- 6 Drone Technology
- 7 Internet of Things (IoT)
- 8 Water Insecurity
- 9 Blockchain
- 10 Quantum Technology
- 11 Cyber Crime
- 12 Private Sector’s Participation in Indian Space Programme
- 13 Intellectual Property Rights (IPR)
- 14 Cyclone Disaster
- 15 Flood Disaster
- 16 Rare Earth Elements (REEs)
- 17 Land Degradation
- 18 Air Pollution
- 19 Solid Waste Management
- 20 Plastic Pollution in India
- 21 Wildlife Conservation
- 22 Bio-Energy
- 23 Hydrogen Fuel
- 24 Mangrove Management
- 25 Soil Pollution
- 26 Water Pollution (Includes Rivers and Groundwater Pollution)
- 27 E-waste
- 28 Wetlands Conservation
- 29 Climate Finance
- 30 India & Indo-Pacific Relations
- 31 India-Africa Relations
- 32 India-China Relations
- 33 India-Russia Relations
- 34 India-Central Asia Relations
- 35 India-Bangladesh Relations
- 36 India-Australia Relations
- 37 India-West Asia Relations
- 38 India-European Union Relations
- 39 India-USA Relations
- 40 Capacity Building of PRIs
- 41 Disaster Management in India
- 42 E-Governance
- 43 Criminalisation of Politics
- 44 Judicial Infrastructure in India
- 45 Various Mortality Rates
- 46 Sanitation
- 47 Hunger
- 48 Malnutrition
- 49 Biotechnology Industry
- 50 Domestic Violence
- 51 Animal Husbandry
- 52 Child Development
- 53 Food Processing
- 54 Differently Abled Persons
- 55 Poverty Eradication
- 56 Healthcare & Medical Tourism
- 57 Self-Reliance in Defence Manufacturing
- 58 Manufacturing
- 59 Tourism
- 60 Transgenders
- 61 Telecom Sector
- 62 MSMEs
- 63 Port Development
- 64 Financial Inclusion & Financial Literacy
- 65 White Goods (Home Appliances/Consumer Durables)
- 66 Textiles Sector
- 67 Mining
- 68 E-commerce
- 69 Fintech
- 70 Zero Budget Natural Farming
- 71 Fertilizers
- 72 Bioeconomy
- 73 Start Up and Business Environment
- 74 Road Infrastructure & Logistics
- 75 Quality of Education in India
- 76 Gig Economy
- 77 Electronics Industry in India
- 78 Fisheries Sector in India
- 79 Women Empowerment & Safety
- 80 Accessible Airways Transport
- 81 Railway Safety
- 82 Universal Social Security
- 83 Brain Drain in India
- 84 Export Promotion
- 85 Government Finances
- 86 Bank Recapitalization, Refinancing and Revamping
- 87 Renewable Energy Sector
- 88 Pharmaceuticals Sector
- 89 Urban Poor
- 90 Manual Scavenging
- 91 Homeless People & Housing Issue
- 92 Drug Abuse
- 93 E-Mobility and Hybrid Fuel Vehicles in India
- 94 Employment Scenario in India
- 95 Elderly People
- 96 Skill Enhancement and Demographic Dividend
