India - Life Insurance Penetration

Since 2014, India Life Insurance Penetration fell by 0.2points year on year. At 2.57 Percent in 2019, the country was number 14 among other countries in Life Insurance Penetration. India is overtaken by Germany, which was ranked number 13 at 2.73 Percent and is followed by China with 2.37 Percent. Taiwan ranked the highest with 16.74 Percent in 2019, that is a growth of 0.8points versus 2018. South Africa, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +6.9points per year, while Japan witnessed the worst performance at -3.5points per year.

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Date Percent
2019 2.57
2018 2.62
2017 2.66
2016 2.72
2015 2.72
Download all data from 2001 to 2019

How does India rank in Life Insurance Penetration?

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
Taiwan
16.74 % 2019 +0.8 % +1.4 % View data
2 #2
South Africa
11.52 % 2016 -4.0 % -3.2 % View data
13 #13
Germany
2.73 % 2019 -0.7 % -2.5 % View data
14 #14
India
2.57 % 2019 -1.9 % -0.2 % View data
15 #15
China
2.37 % 2019 +2.2 % +6.9 % View data
Compare all 19 countries

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